IDB funds energy projects in Colombia

IDB funds energy projects in Colombia

Loans Project & Infrastructure Finance Debt Economy & Policy Energy Renewable Colombia

The Inter-American Development Bank (IDB) said it has provided a 19-year, $600m loan for Colombia's finance ministry to fund energy projects. The loan comes with a 5.5-year grace period and an interest rate tied to Libor, the IDB said in a press release. The Colombian government will use the money to increase the electrical grid capacity and expand access for both renewable energy and natural gas projects. The money could help finance the Buenaventura liquefied natural gas (LNG) project after th

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