Financial Aid and Corporate Donations Follow Major Earthquake in Colombia
2 sources across 2 countries · Argentina · Colombia
Who reported this
- Infobae
- El Tiempo
What the colours mean
- Left
- Centre-left
- Centre
- Centre-right
- Right
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Every outlet covering this story shares the same political lean; read with that in mind.
Following a magnitude 7.4 earthquake on August 10, various financial and corporate entities have announced relief measures for affected regions including Caldas, Chocó, Quindío, Risaralda, and Valle del Cauca. Glencore Colombia, the operator of Cerrejón, is donating 1.5 million US dollars, equivalent to 6 billion pesos, to support humanitarian assistance and reconstruction efforts. Nu Colombia has implemented immediate liquidity measures, allowing customers in impacted areas to make unlimited ATM withdrawals and credit card advances to savings accounts without paying commissions. Nu Colombia is also developing refinancing options with reduced interest rates and terms of up to 48 months. A broader banking sector relief package estimated at 1.1 trillion pesos includes interest condonation, the suspension of legal collections, and grace periods of up to 12 months to protect the credit histories of over 120,000 affected families and businesses. Asobancaria has advised affected users to contact their banks directly to determine specific eligibility and procedures.
How each side framed it
- Centre-right
- Outlets of this lean focused on the specific financial mechanisms of the relief efforts and the scale of corporate contributions.
Sources
- Centre-right El Tiempo: Glencore Colombia, operator of Cerrejón, donates US$ 1.5 million ($6,000 million) to support reconstruction after the devastating earthquake
- Centre-right Infobae: Nu Colombia announced relief and new measures for its customers in the areas affected by the earthquake: what it is about
83% of the statements in this article were traced back to the source articles listed above.