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IDB approves Colombia energy loan
Dec 1, 2017

Summary:  The Inter-American Development Bank (IDB) has approved a US$300mn loan to support renewable power and energy efficiency projects in Colombia.

Source: BN Americas

Date: November 30, 2017

Link: 

 

Content: 

The operation will include an eight-year grace period with interest pegged to the benchmark London Interbank Offered Rate (Libor), the Washington-based lender said in a statement on Thursday.

Colombia's finance ministry will coordinate with the mines and energy ministry and the national planning department to disburse the funds, it added. Colombia is in the process of implementing a series of measures designed to promote investment in solar, wind, geothermal and biomass projects. 

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