Colombian development bank gets $120m external capital

Colombian development bank gets $120m external capital

Equity Project & Infrastructure Finance

The International Finance Corporation will take a $70m equity stake in Colombian infrastructure financing institution Financiera de Desarrollo Nacional, the World Bank-linked lender said on Thursday. The capital injection comes after multilateral development bank CAF agreed last week to become a shareholder with a $50m contribution. "We wanted an institution with very good corporate governance," Michel Janna, Colombia's general director of public credit and national treasury, told LatinFinance o

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