BANCOLDEX PRIVATE SECTOR SUPPORT

Promoter – Financial Intermediary

ACCEPTABLE BANK(S)

Location

• Colombia

Description

The project operation consists in a loan to Bancoldex to be directly onlent or channelled through Financial Intermediaries (FIs) to private sector final beneficiaries based in the areas classified by the Colombian Government as 'stabilisation areas' (meaning areas which were highly affected by the armed paramilitary and guerrilla conflict).

Objectives

The loan is expected to support private sector operations in a wide range of sectors. The EIB funds will be dedicated to finance exclusively projects in areas related to the successful implementation of the peace process in Colombia, which will be defined by the Government of Colombia. By on-lending to private sector enterprises, particularly in the sensitive areas defined by the Government, the EIB and Bancoldex will contribute to the development of private sector initiatives offering the possibility of an inclusive growth, job creation and poverty reduction for the population of these regions.

Sector(s)

• Credit lines - Credit lines

Under ELM Guarantee

This operation is covered by the ELM Guarantee.

Proposed EIB finance (Approximate amount)

USD 150 million (EUR 136 million)

Total cost (Approximate amount)

not applicable

Environmental aspects

The EIB will require the intermediary institution to take all the requisite measures to ensure that the procedures carried out by the final beneficiaries for the sub-projects receiving EIB financing will comply with national legislation and the ElB's Environmental and Social Standards.

Procurement

The EIB will require the intermediary institution to take all the requisite measures to ensure that any procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances are in accordance with the EIB Guide to Procurement.

Status

Signed - 20/12/2019