Colombia to Launch New Development Bank: Minister

Colombia to Launch New Development Bank: Minister

Bonds Structured Finance Colombia

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 president. The ne

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