With this investment the IIC seeks to support Banco de Comercio Exterior de Colombia (Bancoldex) as Bancoldex fulfills its mandate to foster exports of Colombian goods by providing financing the purchase of goods produced and services provided by small and medium-size Colombian companies. With the proceeds of this line of credit, Bancoldex will make medium- and long-term loans to financial institutions in countries purchasing these goods and services.
Environmental Classification and Issues:
This is a Category III project according to IIC’s environmental and labor review procedures because specific impacts might result that can be avoided or mitigated by adhering to generally recognized performance standards, guidelines, or design criteria. To enable the Borrower to better understand the IIC’s requirements, Bancoldex shall be required to attend IIC’s environmental training seminar for financial intermediaries.