The Alliance for Progress was a U.S. economic, political and social Assistance Program for Latin America between 1961 and 1970. Its origin is in the official proposal of President John F. Kennedy, in .. Read more »his speech of March 13, 1961 before a reception in the White House for the Latin American ambassadors. The speech was transmitted by the Voice of America in English and translated into Spanish. The Alliance for Progress would last 10 years. An investment of 20 billion dollars was projected. Its sources would be from the U.S. through its aid agencies, multilateral financial agencies (IDB and others) and the private sector channeled through the Pan American Development Foundation.
Colombia