A plan to prevent the year 2000 computer problem has been organized by the Colombian Ministry of Communications. This plan has to be implemented in all public offices and agencies by December 31 1998. The Banking Superintendency ( Circular Externa 048/97 ) also established last year a control plan to prevent technical failures that will include control visits to banking and financial institutions in the year 1999 ; on the other hand, the Securities Superintendency through Circular Externa 03/98 established a similar plan with the companies under its supervision ; finally, the Superintendency of Corporations in its Circular Externa of March 2/98 describes the action plan that corporation under its surveillance must comply with.

The content of this article is intended to provide a general guide but specialist advice should be sought about your specific circumstances.

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