Strong support for public investments in Colombia

CAF—development bank of Latin America—approved a loan in favor of Colombia in the amount of up to USD 500 million for the purpose of funding the Public Investment Support Program to be implemented through national, regional and local agencies.

“It is not only about providing budgetary support to the country, but also about building capacities to structure and implement high-impact projects for Colombia’s development,” said Enrique García , CAF executive president.

He also noted that the loan is aligned with CAF’s strategy of prioritizing institutional strengthening projects and supporting governments in the region in improving their capacity to manage and implement public funds effectively and efficiently to achieve the expected benefits of the investment.