December 5, 2008
The IDB has announced that it has approved a $650m credit line to Colombia
The IDB has announced that it has approved a $650m credit line to Colombia to help Bancoldex finance investment projects and develop exports. It will initially receive a $100m loan. It will also receive an additional $650m from the local government. The loan is for a 25-year term with a 4-year grace period at an adjustable rate based on Libor.