{
  "id": 11726333,
  "title": "Fondo Milagro: Colombia’s Quake Rebuilding Fund Has Received No Money in Seven Weeks",
  "url": "https://urgent.news/2026/10/03/fondo-milagro-colombias-quake-rebuilding-fund-has-received-no-money",
  "topic": "world",
  "section": "World",
  "published": "2026-10-03T16:36:21.000Z",
  "source": {
    "name": "The Rio Times",
    "slug": "the-rio-times",
    "url": "https://www.riotimesonline.com/colombia-fondo-milagro-stalled-earthquake-reconstruction-2026/"
  },
  "original_language": "en",
  "account": "Colombia's Fondo Milagro, established to rebuild following the devastating 10 August earthquake, has not begun operations as of late September, reports indicate. According to Finance Ministry replies cited by CAMBIO magazine and news outlets El Diario and Infobae, the fund had not received any money by that time. The fund's initiation became a key part of President Abelardo de la Espriella's plan, announced on 12 August following the magnitude 7.4 quake centered in Chocó. The fund aims to mobilize national and international resources for rebuilding homes, hospitals, schools, roads, and airports. The government allocated COP 624.7 billion (approximately US$189 million) from the 2026 budget to the emergency fund on 17 September. However, no money has been transferred to the trust as of yet, with the ministry retaining the funds. The ministry is seeking an additional COP 2.7 trillion (around US$815 million) from Congress, with the expectation of raising this amount by reducing penalties and interest on overdue tax obligations, according to Caracol Radio. The trust contract with a fiduciary company remains unsigned, preventing the board's formation and the manager's official appointment. The ministry has not disclosed a date for the trust's signing or identified the fiduciary company responsible for the fund.",
  "summary": "Colombia's Fondo Milagro, set up after the 10 August earthquake, is not yet operating and holds none of the US$189 million budgeted, CAMBIO reports. The post Fondo Milagro: Colombia’s Quake Rebuilding Fund Has Received No Money in Seven Weeks appeared first on The Rio Times .",
  "key_points": [
    "Fondo Milagro, Colombia's earthquake rebuilding fund, has received no money in seven weeks.",
    "Fund's initiation was part of President de la Espriella's plan announced on 12 August."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}