Following the December 27 registration of a promoter committee, President Gustavo Petro's government has presented a bill for a National Constituent Assembly. It proposes reviewing Colombia's economic model, boosting state roles in key sectors, and adjusting the Banco de la República's mandate to support growth and jobs while preserving autonomy.
The Committee for Promoting the Call to a National Constituent Assembly—registered last week with Colombia's National Registry—presented a bill to reshape the country's economic framework. The proposal seeks to replace the rent-seeking, extractive model with mixed economies, emphasizing state participation in strategic sectors for mass employment and prohibiting labor subcontracting.
Key is a review of the Banco de la República's operations. While the Constitution currently tasks the central bank with maintaining currency purchasing power alongside general economic policy, the bill advocates adding constitutional mandates for sustainable growth and job creation, without eroding technical independence. It also urges reforms to state institutions prioritizing welfare, rights, and energy transition over pure market reliance, while bolstering public essential services.
Framed amid national reconciliation for over 10 million conflict victims, sovereignty defense, and Latin American integration, the initiative positions the assembly as addressing unfulfilled democratic pledges from an era resembling the pre-1991 institutional constraints.
