The US government offered $160 million in funding to Colombia on Monday, May 14th, to help implement the historic peace accord signed between the state and now-disarmed FARC rebels.
The funds have been allotted for the "implementation of peace" and to "formalise land" in areas ravaged by half a century of armed conflict, Mark Green, of the US Agency for International Development Administrator, told reporters in Bogota, AFP has reported.
FARC rebels laid down their arms and formed a political party following the historic peace accord signed in December 2016 by the left-wing guerrillas and then-president Juan Manuel Santos.
"These funds are destined for important work, for the implementation of peace, to promote reconciliation, to help rural communities, to improve security for citizens and to strengthen the protection of human rights," said Green.
Green's announcement came during the rubber-stamping of an amendment to the binational agreement whereby the United States has given $754 million to Colombia for socioeconomic development programs, USAID said in a statement.
Colombia's President Ivan Duque said the funds would primarily be used in productivity projects involving former FARC militants.