IIC Signs Agreement Fostering Business Ties between Companies from the Netherlands and Colombia
Dutch and Colombian companies set to explore possible joint-venture opportunities
Bogotá, Colombia, November 25, 2014 — The Inter-American Investment Corporation (IIC) has signed an Agreement with the Ministry for Foreign Trade and Development Cooperation of the Netherlands, launching a business-to-business (B2B) program in Colombia that will connect companies from both countries.
The program aims to foster the development of business relations between Dutch medium-sized companies and Colombian small and medium-sized enterprises. The three-pronged program will promote matchmaking between Dutch and Colombian companies, while also offering financing and advisory services in key areas including know-how and technological capabilities. During the different phases of the project, business meetings will be organized to enable companies to meet in Colombia and in the Netherlands.
Jorge Roldán, chief of the IIC’s Technical Assistance and Strategic Partnerships Division, noted: “Encouraged by the success of the B2B program in Colombia, Peru and the Dominican Republic, the IIC decided to repeat this initiative in Colombia. Colombian companies have strong potential and by linking up with Dutch companies they gain access to the tools they need to take their business to the next level.”
The B2B program will focus on sectors including water treatment; waste management; dairy; agribusiness; health; and oil and gas. The program will promote environmental and social requirements laid out in the IIC Environmental and Social Sustainability Policy and foster best practices in corporate social responsibility.
The Netherlands – LAC B2B Program is supported by the Ministry for Foreign Trade and Development Cooperation of the Netherlands through a contribution totaling over US$500,000.
About the IIC
The IIC, a member of the Inter-American Development Bank (IDB) Group, promotes private-sector development in Latin America and the Caribbean with a focus on small and medium-sized enterprises (SMEs). We help companies streamline management processes and provide them with financing in the form of equity investments, loans, and guarantees, as well as innovative technical assistance, advisory services, and knowledge products. In 2013, the IIC approved 71 operations totaling US$415.4 million. Since its inception in 1989, the IIC has approved more than 800 direct loans to SMEs and financial intermediaries, for a total of US$5.21 billion. An additional US$3.01 billion has been mobilized through cofinancing and syndication agreements. For more information on IIC activities, visit www.iic.org.
Contact: Jorge Roldán
Telephone: +1 (202) 623-3948