Approval in favor of Bancoldex
"Bancoldex has been a CAF client for over ten years, receiving support to develop Colombian exports and - more recently - strengthen the modernization of small and medium industry in this partner country of the Corporation," Enrique García, president & CEO of the multilateral development bank, said.
García added that Bancoldex acts as a financial tool for strengthening the productive sector and its orientation to the international market. "It has been positioning itself in the market as the ‘Bank for Colombian business development and foreign trade,’ which is in line with our mission of supporting Latin American sustainable development"
Bancoldex concentrates its portfolio on financial intermediaries which it finances. In turn these institutions assist their customers with foreign trade and working capital operations fundamentally for the SME sector which CAF supports in a variety of ways because of its impact on improving social conditions in Latin America.
CAF's more recent content
Paving and maintenance of rural roads to guarantee progress in Peru
CAF presented in Lima the Guide “Rural roads: A door to development and territorial connectivity”, in which it offers guidelines that help guarantee the population's equitable access to opportunities for personal and professional development.
CAF and MCDF support Jamaica’s vision for a global logistics hub
The Multilateral Cooperation Center for Development Finance (MCDF) approved total financing of USD 550,000 in support of CAF’s partnership with the Jamaica Special Economic Zone Authority (JSEZA) to implement the Jamaica Logistics Hub Initiative (LHI) and the development of the Caymanas Special Economic Zone (SEZ), which will contribute to positioning Jamaica as a global logistics hub and gateway that will interconnect the Americas to the world.