Colombia sets up the Fondo Milagro to rebuild after its earthquake, with Fiducoldex as administrator

5 October 2026

Colombia has put its earthquake reconstruction money into the Fondo Milagro, a fund set up to pay for humanitarian aid, temporary and permanent housing and rebuilding after the earthquake of 10 August 2026. Decreto 1379, issued on 9 September, made the fund a patrimonio autonomo, an asset pool kept separate from the budget of the Ministerio de Hacienda and from the trustee's own assets. Fiducoldex, the Fiduciaria Colombiana del Comercio Exterior, was engaged to constitute and administer the fund under an agreement signed with the Ministerio de Hacienda, and Jaime Andres Uribe Tamayo is its manager. Of the money announced, 366.000 millones de pesos was moved to the UNGRD for first-response needs such as temporary rent, and a World Bank loan accounts for 624.000 millones de pesos. The emergency covers 16 departments, among them Caldas, Risaralda, Quindio and Valle del Cauca, and about 400 municipalities were affected in some form. Housing is the first priority, followed by basic sanitation and the repair of hospitals and schools.