MIGA supports local currency-denominated lending in Colombia

In:

Infrastructure

Region:

Americas

MIGA has issued a COP877 billion ($201 million) guarantee to JPMorgan Chase Bank to cover a loan to Financiera de Desarrollo Territorial (Findeter), a development bank that is majority-owned by the government of Colombia.The three-year guarantee protects the bank against the risk of non-payment of...

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