News (Media Awareness Project) - Spain: Foreign Donors Pledge Millions To Drug Fight |
Title: | Spain: Foreign Donors Pledge Millions To Drug Fight |
Published On: | 2000-07-08 |
Source: | San Jose Mercury News (CA) |
Fetched On: | 2008-09-03 16:54:55 |
FOREIGN DONORS PLEDGE MILLIONS TO DRUG FIGHT
International donors pledged $621 million on Friday to help fund Colombia's
multibillion-dollar project to combat cocaine production and revitalize the
country's economy.
Colombia is trying to gather $3.5 billion from foreign donors to add to its
own contribution of $4 billion to the project, which includes plans to beef
up military action against the drug trade, protected by Colombia's powerful
rebel movement.
The pledges from the one-day conference, which gathered 27 nations and
several international agencies in Madrid, Spain, ``forms the first
contribution from the international community to the peace process'', said
Enrique Iglesias, head of the Inter-American Development Bank, which is
presiding over the Colombia Plan.
International donors pledged $621 million on Friday to help fund Colombia's
multibillion-dollar project to combat cocaine production and revitalize the
country's economy.
Colombia is trying to gather $3.5 billion from foreign donors to add to its
own contribution of $4 billion to the project, which includes plans to beef
up military action against the drug trade, protected by Colombia's powerful
rebel movement.
The pledges from the one-day conference, which gathered 27 nations and
several international agencies in Madrid, Spain, ``forms the first
contribution from the international community to the peace process'', said
Enrique Iglesias, head of the Inter-American Development Bank, which is
presiding over the Colombia Plan.
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