Colombia to Launch New Development Bank: Minister

Mar 18, 2013

Colombia is poised to launch a new national development bank with a target capital base of $1bn, finance minister Mauricio Cardenas tells LatinFinance. The new entity, Financiera de Desarrollo Nacional (FDN), will be launched on April 1 with initial capital of roughly $150m and will provide equity capital and credit enhancement to infrastructure project financings in the country. Former International Finance Corporation (IFC) official Clemente del Valle has been appointed...

To continue reading please take a free trial, subscribe or login below.

Already have an account?


Subscribe now for unlimited access to all current and archive news, data and market analysis. 


Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial

Upcoming Events


Where will capital markets be busiest in 2017?