In the name of peace, two leaders, U.S. President Barack Obama and Colombian counterpart Juan Manuel Santos, have agreed to draft a continued and increased financial aid to further end hostility in Colombia, BBC reports.

According to the publication, the White House was filled with celebrations last Thursday as Obama and Santos came to an agreement regarding an increased financial aid to be given by the U.S. in the hopes of ending Colombia's long conflict with the Revolutionary Armed Forces of Colombia (FARC).

The news agency further revealed that Santos asks for $450 million and if the U.S. Congress approves, Colombia will have a brighter future after all the crimes and civil wars that the country experienced for five years against the FARC.

Since next month marks the time when the Colombian government headed by Santos and the FARC will be signing their formal peace agreement, Santos revealed that the U.S. aid is significant to help them carry out the plans, post-conflict.

The upcoming period "is more difficult than the process itself," Santos said as quoted by the news outlet. Furthermore, the United Nations Security Council have also reportedly stepped in to oversee the ongoing peace talks between Colombia and FARC, the publication adds.

Meanwhile, on the other side of the boat, Obama was also glad to have been given the opportunity to participate in the quest of Colombia for peace, the Associated Press via Yahoo! News reports. According to the publication, Obama is very eager to assist Colombia in their new journey for peace and the further development of their nation.

"We all know that it's easier to start wars than to end them," Obama said as quoted by the news agency. "But after half a century of wrenching conflict, the time has come for peace."

U.S., according to the news outlet, would be helping through a new program that will soon be launched and will be named "Peace Colombia." The plan include the integration of the former rebel group, FARC into society as the nation wishes to move forward from the wounds that the rebels previously inflicted.

According to BBC, FARC even agreed to end drug trafficking to make way for a new beginning, as the group will start living in peace with the community. "They recognise that they have financed themselves through drug trafficking, or taxing the drug traffickers. That's what they say," Santos told the publication.

"And they will in a way help us, especially in those remote areas, to convince the peasants to switch to legal crops," he added.