World Bank loans $500m for Colombian infra

Money to promote new projects and support existing PPPs through the pandemic

The World Bank has approved a $500m loan to guarantee the continuity of Colombia’s infrastructure and help boost the country’s recovery from the pandemic.

The loan will provide long-term financing and help promote the development of resilient and sustainable infrastructure for the economic recovery following the pandemic.

It is also going to support the maintenance and continuation of basic infrastructure services that are experiencing financial difficulty, with particular focus on public service companies and PPPs.

Alberto Carrasquilla, Minister of Finance and Public Credit of Colombia, said: “This operation is very important for Colombia. With it, the World Bank is supporting the most relevant efforts we’ve taken to respond adequately and promptly to the needs that the Covid-19 pandemic has generated in our infrastructure agenda.”