He announced that it will not be necessary to take the project to Congress, since an increase of $55 billion in credit resources for some productive activities was agreed with the private sector.

Following a series of meetings held in recent weeks by President Gustavo Petro's government with private banks, an agreement was reached not to present a bill for forced investments to Congress.

President Gustavo Petro explained that the construction and improvement of housing, industry, manufacturing and tourism will be the priority sectors in the 'Credit Pact' agreed between the Government and the banks.

The agreement brings an increase of $55 billion in credit resources for some productive activities.

Following a series of meetings held in recent weeks by President Gustavo Petro's government with private banks, an agreement was reached not to present a bill for forced investments to Congress.

The Ministers of Health, Justice and Agriculture were also present and outlined the Government's legislative agenda.