Colombia hopes to maintain $5 bn U.S. investment under new administration

Colombia hopes the U.S. government under President-elect Joe Biden will maintain a $5 billion investment program to boost economic and social development, as well as improve security in regions affected by drug-related violence. The investment plan announced in August under the government of current U.S. President Donald Trump looks to encourage legal economic opportunities in rural zones where armed groups push cultivation of coca – the chief ingredient in cocaine – by joining private investment, technical assistance, and improved infrastructure to forge links with markets.

Source: Reuters