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USAID environmental funding worth $70 mln frozen in Colombia, minister says

The U.S. Agency for International Development (USAID) has frozen $70 million in environmental funding for Colombia due to concerns over the country's new policy on drug trafficking, according to Colombian Environment Minister Susana Muhamad. This decision comes in the wake of President Gustavo Petro's administration announcing a shift from eradicating coca crops to targeting drug lords and money laundering, a policy change that has not been well-received by the U.S. The funding, which was intended for environmental protection, has been put on hold as the U.S. evaluates the implications of Colombia's new approach to drug policy. This situation has raised concerns about the future of environmental cooperation between the two countries, especially in light of ongoing efforts to combat deforestation and promote sustainable development in Colombia.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/environment/usaid-environmental-funding-worth-70-mln-frozen-colombia-minister-says-2025-02-13/ ]