Colombia Prefunds 2009 with IFIs

Colombia Prefunds 2009 with IFIs

Colombia

Colombian finance minister Oscar Ivan Zuluaga said Tuesday the government has secured 2009 foreign financing with loans from multilaterals. The government will get $1bn from the World Bank, $1bn from the IDB and $400m from CAF, following deals hammered out at the weekend in DC. It also got $650m in IDB cash for Bancoldex, using a sovereign guarantee. The ministry adds that Colombian officials spoke to representatives of the Arab Emirates’ finance ministry, as well as Japanese market participants

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