USD 75 million for investment projects

CAF, Development Bank of Latin America, signed a line of credit with  Banco Colpatria Multibanca S.A for USD 75 million. 

The agreement seeks to facilitate and provide more financing for foreign trade operations, working capital, and investment projects. 

Banco Colpatria Multibanca S.A was created in 1972, and operates as a subsidiary of  Scotiabank since 2012. It has more than 178 branches in Colombia, and has a Representative office in Panama. It offers banking products and services.

Thus, CAF supports the productive and financial sectors of its member countries, where it executes financing and investment operations in order to promote a sustainable productive transformation of the economies, financing for micro, small, and medium-sized enterprises, as well as support for entrepreneurship in the region.