USD 500 million for the program to support the strengthening of public investments in Colombia
The financing approved by CAF will provide budgetary support to the Republic of Colombia, and will be allocated to the implementation of high impact strategic public policies for the country
CAF, Development Bank of Latin America, approved a loan in favor of the Republic of Colombia for up to USD 500 million. The objective is to finance the Program to Support the Strengthening of Public Investment, to be executed through national, regional, and local entities.
Enrique Garcia, CAF's Executive President, pointed out "It is not only about providing budgetary support to the country, but also strengthening the capacity to structure and execute high impact projects for Colombian development".
He added that the approval is aligned with the Institution's strategy of prioritizing institutional strengthening projects and helping the governments of the region to improve their capacity to manage and execute public resources effectively and efficiently, to achieve the benefits expected from the investment made.
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