IDB Invest gives Bancóldex credit

IDB Invest gives Bancóldex credit

Loans Debt Energy Electricity Colombia Andean US

IDB Invest, part of the Inter-American Development Bank (IDB), said it put up COP2.3 billion ($608,000) in guarantees for Colombia's state-owned import export-import bank Bancóldex to provide loans to seven energy trading companies, including four small businesses. IDB Invest issued the 13-month guarantees as a standby letter of credit, backing the payment bonds that Bancóldex plans to sell to XM Compañía de Expertos en Mercados, the electricity market operator in Colombia and a division of the

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