Tuesday, March 2, 2021

Colombia creates ‘fund of funds’ for peace

Colombia Reports


Ahead of a possible peace deal with leftist FARC rebels, Colombia has created “the fund of funds” that will gather foreign contributions for peace and funnel them to peace building projects.

The Colombia in Peace Fund will fall under the responsibility of the recently appointed post-conflict minister, Rafael Pardo, and be a parent fund for a number of other funds with distinct purposes.

- Advertisement -

“Some of the funds will be for the substitution of illicit crops [like coca], others to the construction of tertiary roads, others to the realization of agricultural production projects with an emphasis on one or another produce,” President Juan Manuel Santos said.

The European Union, the Inter-American Development Bank, the World Bank and individual countries have already agreed to financially contribute to peace building efforts in the South American country that hasn’t seen peace since 1964.

“The international cooperation today stands at approximately $750 million for [a period of] five years” following the signing of peace with the FARC, the country’s largest and oldest rebel group, said the post-conflict minister.

“In total, we estimate that [foreign contributions] can reach $3 billion for the same time period,” said Pardo.

- Advertisement -

The minister’s estimate of foreign contributions is only a fraction of estimations of the money needed to construct lasting peace after more than 50 years of conflict.

Colombia not reserving enough money for peace: Expert

The government and the FARC have been negotiating peace since November 2012 and have said to be able to finalize the talks in March. If successful, the peace talks will end the hemisphere’s longest-running conflict.

The 5 most important achievements in 3 years of peace talks in Colombia

The post Colombia creates ‘fund of funds’ for peace appeared first on .

Colombia Reports

- Advertisement -

We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Related Articles

Bogotá, Medellín and Cali: the cities with the most violations of measures against covid-19

QCOLOMBIA - Since the mandatory isolation began in Colombia, 1,400,387 finess...

What happens if a Colombian does not attend the scheduled covid-19 vaccination appointment?

QCOLOMBIA - A few days after starting the National Vaccination Plan,...


What happens if a Colombian does not attend the scheduled covid-19 vaccination appointment?

QCOLOMBIA - A few days after starting the National Vaccination Plan, Colombians still have some doubts regarding their immunization process and there is fear...

We do not move even half the passengers we would have on a normal day: Transmilenio manager

QCOLOMBIA - The public transport system in Colombia has been one of the worst-hit sectors since the start of the coronavirus pandemic, as quarantines...

Colombia Suffered Its Deepest Slump Since 1905 Last Year

(Bloomberg) -- Colombia’s economy suffered its deepest contraction in more than a century last year, leaving it wracked by soaring debt, mass unemployment and...

Colombia receives first batch of vaccines

QCOLOMBIA - Colombia advanced the start of the immunization campaign against the coronavirus to February 17, three days ahead of schedule, after receiving the...

There’s A Good Chance Your Valentine’s Flowers Come From Colombia

QCOLOMBIA - If you send a bouquet of roses for Valentine's Day, chances are they were grown in Colombia. It remains the No. 1...

Colombia begins 2021 with a reactivation of 55% in flights

QCOLOMBIA - The end of the year travel season arrived with important expectations of recovery for the tourism sector. The improvement in the tourist...

Pope thanks Colombia for efforts to protect migrants

Q REDAQTED (Vatican News) - “I always look with gratitude at the efforts of those who work for migrants,” Pope Francis said on Sunday...

Colombia okays US$38 billion dollar reactivation plan

QCOLOMBIA - Colombia’s economic and social policy council (Conpes) has greenlighted a 135 trillion Colombian peso (US$38 billion) economic reactivation plan, which will be...

Colombian Clever Leaves made first shipment of medical cannabis to the U.S.

QCOLOMBIA - Clever Leaves, a Colombian company authorized to handle pharmaceutical grade cannabinoids, announced that its subsidiary, Herbal Brands, managed to establish a strategic...


Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Colombia Reports