Milagro Fund Manager Resigns Amid Salary Scandal and Transparency Concerns
The controversy over high salaries and questions surrounding the management of the Milagro Fund, created by the Colombian government to assist victims of the August 10 earthquake and finance the reconstruction of affected areas, led to the resignation of its director, Jaime Andres Uribe. He stepped down Friday, just hours after President Abelardo de la […]
Colombian President Abelardo de la Espriella has ordered the Milagro Fund, a reconstruction program for earthquake victims, to overhaul its salary structure following revelations of excessive pay for top executives. Director Jaime Andres Uribe resigned hours later, citing the scandal and concerns over the fund's transparency and limited resource distribution.
The Milagro Fund, established by the government to support earthquake victims, faced criticism for its high payroll costs, with the monthly personnel expenses totaling 765 million pesos (approximately US$239,000). Only two contracts had been signed by the time the salary controversy emerged, and the agency's spending has lagged behind its approved budget of 624.6 billion pesos (US$195 million).
Opposition Senator Kamelia Zuluaga highlighted the fund's limited disbursements and the need for greater accountability, calling for a thorough examination of the fund's operations and the qualifications of its staff.
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