politics
May 8, 2026
Colfuturo Rejects President Petro's Government Statements on Alleged Irregularities in Handling of $540 Billion
Gustavo Petro, President of Colombia Photo: Courtesy Minsalud
TL;DR
- Colfuturo denies "tendencious and false comments" from the President and Minciencias.
- Since 1992, the program has committed USD 658 million to 18,056 students, with Colfuturo contributing USD 426 million and Minciencias USD 232 million.
- The foundation defends its management of funds in foreign currency as a technical measure to protect beneficiaries from market volatility.
- Colfuturo states its financial processes are monitored through state agreements and audited by Holl & Holl Auditores International SAS.
- The organization clarified that a certificate of deposit in Panama mentioned by the government does not belong to Colfuturo or the Crédito Beca Program, attributing its mention to a banking error.
- Colfuturo reaffirms its willingness to collaborate with authorities and provide necessary information.