Colombia deposits $1,000 in accounts of 60M children; annual cap $5,000

Colombia's Treasury has deposited $1,000 into bank accounts for 60 million minors, with families allowed to contribute up to $5,000 annually. The program appears to be a large-scale child savings initiative, though details on funding and eligibility remain unclear. This is a significant fiscal transfer that could boost household savings and consumption, but its macroeconomic impact depends on scale and implementation.