Colombia vows to open books on peace process’ finances

Finance Minister Mauricio Cardenas (L) and President Juan Manuel Santos. (Image: President's Office)

Colombian President Juan Manuel Santos ordered his government to surrender financial information related to the country’s peace process after pressure from sponsor nations.

The order followed a letter of the ambassadors of Norway, Sweden and Switzerland in which they expressed a “general concern about the integral management of the Sustainable Colombia Fund (FCS).”


Europe concerned over possible mismanagement of Colombia peace funds: report


The FCS, which is meant to invest in conflict areas, sent out a letter in which the ambassadors said that the general concern “may not be interpreted as doubts about the transparency in the management of funds” from foreign sponsors of the peace process.

Nevertheless, the president ordered all ministries and agencies involved in the peace process to submit the financial information about the $200 million that have been spent on the peace process so far.

“The first report must be completed with the technical data sheets, prepared by each of the responsible entities, by April 6, 2018 at the latest,” according to the presidential order.

This information is expected to be available for the public and the foreign sponsors on April 16 through the so-called Integrated Post-Conflict Information System (SIIPO).

Following the publication of the first SIIPO report, the government will publish a monthly report in which it defends the financial management of the peace process.

Colombia committed to the peace process with the Marxist FARC group in December 2016, but has since come under increased criticism for failing to execute much of this agreement.


Colombia to formalize land rights of 2.5 million peasants


In the initial letter, the ambassador urged the country’s post-conflict minister to “establish a clear route so that there are no more delays in the execution of the funds and this is done in an entirely transparent manner,” newspaper El Tiempo reported.

According to independent observers, less than 20% of the agreements made with the former guerrillas have been executed in the first year of the pact.

Related posts

FARC dissident group splits over peace talks with Colombia’s government

Former AUC commanders to take part in Colombia’s peace building efforts

Colombia’s military eliminates joint task forces