Recent study reveals huge cost of Colombian war

News from Colombia | on: Tuesday, 30 September 2014

In a stark reminder of the financial cost of war, a recent study concluded that in addition to the US$ 11 million set aside in the Colombian budget for Defence, the continuation of the world’s longest running civil war is costing an additional US$5 million a year due to the difficulty of developing economic projects in many regions of rural Colombia. With the Defence bill alone occupying close to 20% of the national budget, the significance of peace is in economic terms is clear.

What is fundamental however as the peace talks continue is that any financial benefit which peace may bring is used to address the issues of social inequality and severe deprivation in the countryside and not to continue to entrench Colombia as one of the world’s most unequal countries. Justice for Colombia's peace campaign has already had significant success in harnessing international support around these issues – recently a letter was signed by 245 politicians from Britain, Ireland, and the United States in support of the peace process.

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