Colombia's National Congress has reportedly approved an extension of the special program for supporting formal employment (PAEF), which was implemented in response to the COVID-19 pandemic. Under the program, a monthly subsidy is granted to qualifying employers that have suffered a decrease in revenue of at least 20% due to COVID-19.
Originally provided for the period May to August 2020, the PAEF is now extended to apply for the period May 2020 to March 2021 and provides for a subsidy equal…