The Colombian government announced the commencement of operations for the Fondo Milagro, established to address the damages caused by an earthquake that struck on August 10. The fund begins operating with an initial budget of 624.656 million pesos, equivalent to approximately 196.1 million dollars.
The announcement, reported from Bogotá on October 22, marks a concrete financial step by authorities to initiate recovery and relief efforts for the regions affected by the seismic event.
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