IFC and Banco de Bogota Announce Financing Package to Create Jobs and Boost Sustainable Growth in Colombia
Colombia, May 27 -- To support job creation, advance sustainable infrastructure, expand access to finance for small and medium enterprises (SMEs), and strengthen Colombia's transition to a low-carbon economy, the International Finance Corporation (IFC), a member of the World Bank Group, announced a financing package of up to $150 million for Banco de Bogota.The investment aims to mobilize private capital into key sectors such as construction, transport, energy, and manufacturing-critical drivers of productivity, competitiveness, and job creation in the country. These labor-intensive sectors face structural constraints linked to infrastructure gaps and limited access to financing.The investment will focus on three key areas. Approximately 20...
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