Colombian President Juan Manuel Santos has announced that his government may withdraw its request for Congress to provide an additional $3.16 billion in the country’s 2011 budget to help in the recovery from damage caused by floods that hit Colombia last year. Santos said the request may be withdrawn because it is not currently necessary but did not specify why the funds are not be required or where the government plans to get the money to pay for recovery efforts, Reuters reports.

About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.