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CO-T1153 : Development of the potential for Carbon Finance in BANCOLDEX

Project Status: Closed

The general objective of the present TC is to support Bancoldex so that the institution can effectively insert itself into the framework of climate change public policy in Colombia. The IDB is supporting the Government of Colombia with a series of climate change-oriented programs, including a Policy-Based Loan for Climate Change, the Clean Technology Fund, and Technical Cooperations with the National Planning Authority, the Finance and Environment ministries, and the Institute of Environmental Studies. The specific objective is for Bancoldex into a strategic ally within this process of inter-institutional coordination by making use of its ability to promote the structuring and financing of emissions reduction projects identified as being of primary importance to the country through its facilities for providing medium and long-term financing as well as the required technical assistance.

Project Detail

Project Number
CO-T1153
Project Country
Colombia
Project Sector
ENVIRONMENT AND NATURAL DISASTERS
Project Subsector
ENVIRONMENT AND NATURAL DISASTERS
Project Type
Technical Cooperation
Environmental and social impact category
C
Project Status
Closed
Operation Number
ATN/OC-12210-CO

Financial Information

Project Number
CO-T1153
Project Status
Closed

IDB Financing

Financing type
TCN
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jun/30/2021

Roles & Responsibilities

Contract signature date
Dec/09/2010

Project Information

Total Cost
USD 187,500
Country counterpart financing
USD 37,500
Amount
USD 150,000

Approved

Title
Type
Project Number
Date Published
Loan Proposal
CO-L1124;CO-T1153;RG-T1866
February 19, 2013