BOGOTA, Colombia -- Colombia will formally join the race to host the 2014 FIFA World Cup on Monday following a recent submission from Brazil. Colombia will present a letter of intent to FIFA and also will confirm its desire to host the tournament at a meeting Wednesday of the South American confederation (CONMEBOL), Luis Bedoya, president of the Colombian soccer federation, said Sunday. In July, President Alvaro Uribe said he wanted the country to host the quadrennial championship. "The country can do it and can do it well," he said during a speech to inaugurate the Central America and Caribbean Games in the coastal resort town of Cartagena. Colombia was chosen as the host for the 1986 World Cup, but withdrew due to financial problems in 1982. Mexico was selected to replace it six months later. "What we have presented very clearly is that they let us compete to host the championship," Colombian Vice President Francisco Santos has said. As part of FIFA's continental rotation policy, the 2014 championship is set for South America. The 2010 Cup is scheduled for South Africa. FIFA's executive committee is to announce the host of the 2014 World Cup in November.