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Colombia Gets US$5 Billion for Rural Development, Backs U.S. Candidate for IADB Head

RIO DE JANEIRO, BRAZIL - The United States and Colombia will work together to bring new investment to rural areas of the South American country, officials said on Monday, as Colombia’s president reiterated his support for the U.S. candidate to lead the Inter-American Development Bank (IADB).

The investment initiative will harness up to U$5 billion in private funds for rural areas over three years, U.S. National Security Advisor Robert O’Brien told local newspaper El Tiempo in an interview.

“This initiative will focus on key elements of the 21st-century growth in Colombia, the rule of . . .

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