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Latin Times
Latin Times
World
Sana Khan

Colombia Signs $1.2 Billion Loan Agreements With Multilateral Lenders

Colombia Gustavo Petro FARC KfW
Gustavo Petro is himself a former urban guerrilla and Colombia's first-ever leftist president. (Credit: Photo by: AFP/Daniel Munoz)

Colombia has secured multiple loan agreements worth more than $1.2 billion, and the country's finance ministry said that resources will be used for budget items this year alongside taking care of costs that come with peace plans.

In a Monday's statement, the finance ministry said that two loan agreements worth 300 million euros ($323 million) were signed with German state development bank KfW.

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