May 31, 2022 The most recent edition of the Global Financial Centers Index, considered one of the main references for decision makers in public policies and investors, highlights Bogota as one of…
Category: COLOMBIA
Colombia: Financial Sector Assessment Program–Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision
May 13, 2022 There have been significant improvements to the legal framework and the supervisory process since the last Basel Core Principles (BCP) review; some additional recommended enhancements are highlighted…
Colombia:Request for an Arrangement under the Flexible Credit Line and Cancellation of the Current Arrangement – Press Release; Staff Report; and Statement by the Executive Director for Colombia
May 3, 2022 Colombia’s very strong policy frameworks and comprehensive policy response to the pandemic have supported the economy’s resilience. With stronger-than-expected growth last year, fiscal deficits and public debt…
Colombia: 2022 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Colombia
April 5, 2022 Colombia’s economy rebounded strongly in 2021 with 10.6 percent growth led by pent-up domestic demand, notably private consumption. Around 66 percent of the population is fully vaccinated…
Colombia: Financial System Stability Assessment
April 5, 2022 The pandemic led to Colombia’s largest recession on record, but the economy bounced back strongly in 2021. The banking system has so far weathered the shock well,…
IMF Executive Board Concludes 2022 Article IV Consultation with Colombia
March 29, 2022 The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Colombia [2] on March 25, 2022. This also included a discussion of the findings of…
GEB improving the supply of reliable affordable electricity to Colombian consumers.
March 15, 2022 Grupo Energía Bogotá (GEB) is improving the supply of reliable, affordable electricity to Colombian consumers by using SmartValve™ technology in the Caribbean region of their network. This marks the second…
Colombia: Staff Concluding Statement of the 2022 Article IV Mission
February 18, 2022 Among the fastest recoveries in the region, Colombia’s economy rebounded strongly, driven by private consumption, in 2021. With progress on vaccinations and continued reopening of the economy,…
IDB Invest, Mibanco to Support Colombia’s Women-Led Microenterprises with Gender Bond
January 28, 2022 • This is the first social gender bond publicly issued by a financial entity in Colombia with IDB Invest taking on the role of anchor investor. IDB…
IDB Invest, Banco Mundo Mujer Promote Credit for Women Microentrepreneurs in Colombia
January 18, 2022 IDB Invest has granted financing to Banco Mundo Mujer S.A. (BMM) denominated in Colombian pesos, equivalent to up to $30 million. The three-year transaction will increase access…
IDB Invest Reignites Growth in Central America, Dominican Republic, Colombia Through New Fund
November 26, 2021 IDB Invest has invested $10 million in CASEIF IV L.P. (CASEIF IV), a new mezzanine debt and private equity fund managed by LAFISE Investment Management Ltd. (LIM)…
IDB Invest Signed Financing Deal for Colombia’s Puerto Antioquia
October 12, 2021 With the recent closing of financing for the construction of a port project in Urabá, IDB Invest contributes to strengthening the infrastructure and foreign trade of Colombia.…