The Páez River (Río Páez ) is a river in southwestern
Colombia
Colombia, officially the Republic of Colombia, is a country primarily located in South America with Insular region of Colombia, insular regions in North America. The Colombian mainland is bordered by the Caribbean Sea to the north, Venezuel ...
. It is a tributary of the
Magdalena River
The Magdalena River (, ; less commonly ) is the main river of Colombia, flowing northward about through the western half of the country. It takes its name from the biblical figure Mary Magdalene. It is navigable through much of its lower reaches, ...
which drains into the
Caribbean Sea
The Caribbean Sea is a sea of the Atlantic Ocean, North Atlantic Ocean in the tropics of the Western Hemisphere, located south of the Gulf of Mexico and southwest of the Sargasso Sea. It is bounded by the Greater Antilles to the north from Cuba ...
. It flows into the Magdalena just south of the village of Remolino del Vicho.
Earthquake
On 6 June 1994, a 6.4 magnitude earthquake stuck in the Páez River area causing extensive landsliding and resulting in over 1,100 dead and the displacement of almost the entire population of 15 municipalities in the departments of
Cauca and
Huila. Six bridges and over of roads were destroyed by the landslides. In order to spur development in the Paez River region, Colombia Law 218 of 1995 was passed that granted exemptions on income tax for 10 years for investments made in the departments of Cauca and Huila.
[Giugale, Marcelo; Lafourcade, Olivier and Luff, Connie (2003) "The Tax System" ''Colombia: the economic foundation of peace'' International Bank for Reconstruction and Development (]World Bank
The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development ...
), Washington DC,
page 189
/ref>
See also
* List of rivers of Colombia
Notes
References
*Rand McNally, The New International Atlas, 1993.
Rivers of Colombia
Magdalena River
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