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News

Colombia receives $620M in foreign aid

by Adriaan Alsema December 28, 2010

Colombia news - dollars

Colombia received more than $620 million in foreign aid in 2010, the country’s government aid agency announced Monday.

Colombia’s main sponsors

United States

European Union

Germany

Inter-American Development Bank

Spain

$215.900,000

$81.600,000

$56.400,000

$33.800,000

$31.100,000

According to aid agency Accion Social, Colombia received $567.7 million from other countries to help the development of the country, while an additional $61 million came from private funds.

The country never before received so much foreign money, the aid agency said.

According to Accion Social, the received money is used mostly in programs related to the reintegration of paramilitary and guerrilla fighters, the reaching of the U.N. millenium goals regarding poverty and the fighting of the production and consumption of illicit drugs.

The United States is Colombia’s biggest sponsor and donated $215.9 million. The European Union follows with $81.6 million.

 

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