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Finance Ministry Reach loan Agreements With Multilateral Lenders

COLOMBIA
  • Reuters has reported that according to Colombia’s finance ministry, the country has reached loan agreements worth more than $1.2 billion with multilateral lenders, adding that resources will go toward budget items in 2024 and costs associated with peace plans.
  • The ministry has signed two loan agreements worth 300 million euros ($323 million) each with German state development bank KfW, the ministry said in a statement on Monday. The ministry also agreed a loan worth $663 million with the Inter-American Development Bank - which contributed $500 million - and KfW contributed 150 million euros.

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