Related News

The Andean Development Corporation (CAF) has approved US$400mn to finance projects in Colombia for expansion of the utility Interconexin Electrica (ISA), and for the Reform Program for Competitive International Trade Presence, executed by the ministry of finance.

The loan to support the reform programme contributes to the efforts by the national government to execute a multiple action agenda designed to guarantee the materialisation of the benefits of the free trade agreement – currently in negotiation – through the adoption of decisions related to improving the country’s trade infrastructure, introducing incentives for private investment, and developing capacities in the area of innovation and technology.

CAF president and CEO Enrique Garcia explains that the approval formed part of the actions that the institution was taking to stimulate an integrated development agenda.