U.S. Government announces bilateral initiative to advance rural development in Colombia

U.S. Government announces bilateral initiative to advance rural development in Colombia

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U.S. International Development Finance Corporation (DFC) Chief Executive Officer Adam Boehler and U.S. National Security Advisor Robert C. O’Brien joined Colombian President Iván Duque to announce the launch of the U.S.-Colombia Growth Initiative.

This bilateral initiative will strengthen U.S.-Colombia cooperation while leveraging whole-of-U.S. Government tools and resources to create economic opportunity in rural Colombia.

“Many Colombian farmers have little choice but to seek income through the production of illicit drugs,” said Boehler. “President Duque and I are committed to constructing a comprehensive, multibillion-dollar investment plan that focuses on providing economic opportunity to the Colombian people, particularly farmers.”

The U.S.-Colombia Growth Initiative will focus on efforts to advance economic and rural development including roads, land titling, the rule of law, infrastructure improvement, and strategic communications. DFC’s potential investments will focus particular attention on projects that empower rural Colombians and expand economic opportunities for farmers.

DFC currently has over $1 billion invested in more than 30 projects across Colombia in sectors ranging from critical infrastructure to financial services. DFC’s efforts under the U.S.-Colombia Growth Initiative underscore the agency’s continued commitment to supporting the people of Colombia.

Original source: DFC