Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
  • About us
  • Support us
  • Contact Us
  • Intelligence
  • Advertising
  • Newsletter
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
Economy

IADB to invest $2.6B in Colombian business projects

by Toni Peters August 1, 2011

Colombia News - Chamber of Commerce

The Inter-American Development Bank (IADB) is seeking to invest $2.6 billion in projects with Colombian businesses in five cities throughout the country, Caracol Radio reported Monday.

The bank will be looking for projects in which to invest as well as presenting financial products and services to micro, small, medium and large businesses. The presentations will take place between August 8 and 12 in the Chambers of Commerce of Cali, Medellin, Barranquilla, Bucaramanga and Pereira.

At the request of its member countries, the IADB decided to increase its financing to the private sector in Latin America and the Caribbean and hopes to extend $2.6 billion.

The financial body chose Colombia as the first country in which to launch this initiative due to the dynamism displayed by local and foreign investment in recent years as well as the country’s improved credit rating and the central role played by the private sector in the national economy.

The IADB will be looking for projects that promote social inclusion and widen access to basic services. The bank is also interested in projects that help to mitigate the effects of climate change, modernize infrastructure and increase competitiveness.

The first meeting will take place in Cali on Monday, August 8 with bank president, Luis Alberto Moreno in attendance.

economyforeign investmentIADBInter-American Development Bank

Trending

  • Tensions in Colombia over lost COVID-19 vaccine shots

  • Colombia’s COVID-19 vaccination campaign shows first cracks

  • Coronavirus crisis bankrupted 500K of Colombia’s small businesses

Weekly interviews and news updates

Related articles

  • Colombia’s top bankers could face 4 years in prison, but evidence of tax evasion ignored

  • Colombia not considering new coronavirus lockdown

  • Duque goes blank as Colombia’s economic crisis turns catastrophic

  • Facebook
  • Twitter
  • Linkedin
  • RSS

@2008-2019 - Colombia Reports. All Rights Reserved.
Powered by Digitale Zaken and Parrolabs


Back To Top