IFC is facilitating a $176 million financing package to Recaudo Bogota to develop and operate the fare collection, fleet management, and real-time information technology system for Bogota’s bus transportation system.
IFC’s office in Bogotá is the hub for business development and client management in the Andean region. It oversees investments and advisory services to clients and partners in Colombia, Ecuador, Peru, and Venezuela. Since Colombia became a member of IFC in 1956, IFC has invested$5.6 billion in the country’s private sector, including $2.9 billion in mobilization.*
IFC’s strategy in Colombia focuses on infrastructure development through public-private partnerships, which build well-functioning ports, roads, and airports, thus decreasing the cost of doing business. IFC assists leading Colombian companies modernize and expand their businesses internationally. Promoting access to finance for micro, small, and medium enterprises (MSMEs) is also at the core of IFC strategy, as well as improving the investment climate by simplifying regulations and royalty management. IFC business operations in Colombia promote environmentally and socially sustainable practices, especially in extractive industries.
*As of October 1, 2013
Contact Carlos Leiria Pinto Head, Andean Region Cra. 7 No. 71-21