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First Productive Business Financing Program
The general objective of the first program under the CCLIP is to help improve the productivity of smaller enterprises through financing channeled by Bancóldex. The specific objectives are to: (i) increase productive financing for smaller enterprises; (ii) scale up financing for investments by smaller enterprises in energy efficiency projects; and (iii) contribute to the creation of a financing market for smaller enterprises in the orange economy.

Project Detail

Country

Colombia

Project Number

CO-L1228

Approval Date

December 11, 2019

Project Status

Implementation

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

BANKING MARKET DEVELOPMENT

Lending Instrument

Préstamo de Inversión

Lending Instrument Code

INV

Modality

GCR (Global Credit Operation)

Facility Type

-

Environmental Classification

Uncategorized Directive B.13

Total Cost

USD 90,000,000.00

Country Counterpart Financing

USD 30,000,000.00

Original Amount Approved

USD 60,000,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
4939/OC-CO Sovereign Guaranteed USD - United States Dollar Ordinary Capital Flexible Financing Facility
Operation Number 4939/OC-CO
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Flexible Financing Facility

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZIDB0000578-522669563-44190
CO-L1228 First period Jan-Jun 2023 - Public Report.PDF
Published Jan. 26, 2024
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https://www.iadb.org/document.cfm?id=EZIDB0000177-701657672-121
CO-L1228 EFAS corte 31dic22.pdf
Published Aug. 11, 2023
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https://www.iadb.org/document.cfm?id=EZIDB0000578-522669563-43551
CO-L1228 Second period Jan-Dec 2022 - Public Report.PDF
Published Jul. 28, 2023
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https://www.iadb.org/document.cfm?id=EZSHARE-522669563-42285
CO-L1228 First period Jan-Jun 2022 - Public Report.PDF
Published Feb. 08, 2023
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https://www.iadb.org/document.cfm?id=EZSHARE-2056220512-9077
Contrato de Garantía - Primer Programa para el Financiamiento Empresarial Productivo.pdf
Published Sep. 23, 2022
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https://www.iadb.org/document.cfm?id=EZSHARE-522669563-41008
CO-L1228 Second period Jan-Dec 2021 - Public Report.PDF
Published Aug. 12, 2022
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https://www.iadb.org/document.cfm?id=EZSHARE-701657672-50
4939-OC-CO EFA 31dic21.pdf
Published May. 19, 2022
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https://www.iadb.org/document.cfm?id=EZSHARE-522669563-35463
CO-L1228 First period Jan-Jun 2021 - Public Report.pdf
Published Feb. 20, 2022
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https://www.iadb.org/document.cfm?id=EZSHARE-522669563-34865
CO-L1228 Second period Jan-Dec 2020 - Public Report.pdf
Published Jul. 20, 2021
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https://www.iadb.org/document.cfm?id=EZSHARE-701657672-20
4939-OC-CO EFA 31dic20.pdf
Published Jun. 08, 2021
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https://www.iadb.org/document.cfm?id=EZSHARE-522669563-34103
CO-L1228 First period Jan-Jun 2020 - Public Report.pdf
Published Mar. 09, 2021
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https://www.iadb.org/document.cfm?id=EZSHARE-522669563-33496
CO-L1228 Second period Jan-Dec 2019-Public Report.pdf
Published Aug. 24, 2020
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https://www.iadb.org/document.cfm?id=EZSHARE-965128629-48622
Primer Programa para el Financiamiento Empresarial Productivo.pdf
Published Nov. 19, 2020
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https://www.iadb.org/document.cfm?id=EZSHARE-965128629-48620
GEF CReW+. An Integrated Approach to Water and Wastewater Management Using Innovative Solutions and Promoting Financing Mechanisms in the Wider Caribbean Region.pdf
Published Dec. 20, 2019
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https://www.iadb.org/document.cfm?id=EZSHARE-965128629-48621
First Productive Business Financing Program.pdf
Published Dec. 20, 2019
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https://www.iadb.org/document.cfm?id=EZSHARE-395223723-41
Colombia CCLIP para el Financiamiento Empresarial Productivo y primer prestamo individual - CO-L1228 y CO-O0004.pdf
Published Nov. 26, 2019
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https://www.iadb.org/document.cfm?id=EZSHARE-395223723-42
Colombia CCLIP for Productive Business Financing and First Individual Loan under the CCLIP - CO-L1228 CO-O0004.pdf
Published Nov. 26, 2019
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https://www.iadb.org/document.cfm?id=EZSHARE-965128629-48623
Conditional Credit Line for Investment Projects (CCLIP) CO-O0004.pdf
Published Dec. 20, 2019
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Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-395223723-2
Perfil de Proyecto - CCLIP Programa de Financiamiento Empresarial para la Innovación Creativa (CO-O0004 - CO-L1228).pdf
Published May. 13, 2019
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Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-395223723-3
COLOMBIA. Perfil de Proyecto - CO-L1228.pdf
Published May. 20, 2019
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Publications
Published 2021
Analysis of External Climate Finance Access and Implementation: CIF, FCPF, GCF and GEF Projects and Programs by the Inter-American Development Bank
In response to the Paris Agreement and the Sustainable Development Goals (SDGs), the IDB Group Board of Governors endorsed the target of increasing climate-related financing in Latin America and the Caribbean (LAC) from 15% in 2015 to 30% of the IDB Groups combined total approvals by 2020. Currently, the IDB Group is on track to meet this commitment, as in 2018, it financed nearly US$5 billion in climate-change-related activities benefiting LAC, which accounted for 27% of total IDB Groups annual approvals. In 2019, the overall volume and proportion of climate finance in new IDBG approvals have increased to 29%. As the IDB continues to strive towards this goal by using its funds to ramp-up climate action, it also acknowledges that tackling climate change is an objective shared with the rest of the international community. For the past ten years, strategic partnerships have been forged with external sources of finance that are also looking to invest in low-carbon and climate-resilient development. Doing this has contributed to the Banks objective of mobilizing additional resources for climate action while also strengthening its position as a leading partner to accelerate climate innovation in many fields. From climate-smart technologies and resilient infrastructure to institutional reform and financial mechanisms, IDB's use of external sources of finance is helping countries in LAC advance toward meeting their international climate change commitments. This report collects a series of insights and lessons learned by the IDB in the preparation and implementation of projects with climate finance from four external sources: the Climate Investment Funds (CIF), the Forest Carbon Partnership Facility (FCPF), the Green Climate Fund (GCF) and the Global Environment Facility (GEF). It includes a systematic revision of their design and their progress on delivery, an assessment of broader impacts (scale-up, replication, and contributions to transformational change/paradigm shift), and a set of recommendations to optimize the access and use of these funds in future rounds of climate investment. The insights and lessons learned collected in this publication can inform the design of short and medium-term actions that support “green recovery” through the mobilization of investments that promote decarbonization.
Publications
Published 2021
Nature-based Solutions in Latin America and the Caribbean: Support from the Inter-American Development Bank
Governments across Latin America and the Caribbean (LAC) face challenges in extending and maintaining infrastructure to serve their populations, especially as climate change and ecosystem degradation endanger communities and infrastructure assets across the region. To help address these challenges, the Inter-American Development Bank (IDB) aims to increase its support of Nature-based Solutions (NBS) in accordance with the banks 2020 Environmental and Social Sustainability Mainstreaming Action Plan. This Issue Brief serves two main functions. First, it describes IDB's growing focus on NBS and provides a tour of IDBs main offerings regarding NBS project support and investment. Second, it serves as a baseline of IDBs activities related to NBS from which the bank and partners can build upon moving forward. Going forward, IDB will ramp up support for clients to incorporate NBS considerations and opportunity analysis in country agreements and throughout all stages of project preparation, from investment identification to execution.
Publications
Published 2021
Investing in Sustainable Infrastructure in Latin America: Instruments, Strategies and Partnerships for Institutional Investors Mobilization
Despite the significant challenges in mobilizing investors resources towards sustainable infrasctrure investments in Latin America and the Carribbean, an investment opportunity in low carbon and resilient assets exists and represents a critical step towards a sustainable economic recovery from the financial duress due to the COVID-19 pandemic and its impacts on health and economic systems of the region. This papers contribuition is two-fold: it attempts to estimate and size an ideal sustainable investable pipeline accross the region generated by several policies promoting public-private-partnerships (PPP) in the transport and energy sectors. Then it identifies and details different investment strategies and financial instruments available to institutional investors to invest in the region while mitigating the risks they perceived and hinder the mobilization of their resources. Such strategies discussed in the paper include: joint ventures with local counterparties, direct and active investments in the national markets, and/or access to markets via partnerships with development financial institutions.
Blogs
Published 2023
Colaboración y alianzas para la financiación de la lucha contra el cambio climático
Durante más de diez años, el BID ha forjado alianzas estratégicas con fuentes externas de financiación para invertir en un desarrollo bajo en carbono y resiliente al clima. En 2022, el Directorio del BID aprobó más de 500 millones de dólares de fondos externos procedentes de los Climate Investment Funds (CIF, por sus siglas en inglés), el Fondo Verde para el Clima (GCF, por sus siglas en inglés) y el NDC Pipeline Accelerator (ACL). Esta cifra puede parecer bastante significativa, sin embargo, la Agencia Internacional de la Energía establece que 4 billones de dólares anuales será el coste para llegar a cero emisiones netas en 2050.
Blogs
Published 2023
¿Por qué los fondos inmobiliarios son una buena alternativa para financiar proyectos de renovación urbana?
Reflejo de agua en una calle de america latina
Blogs
Published 2023
Understanding Income Disparities: The Role of Firm-Embedded Productivity
Productivity has long been recognized as a key determinant of global income disparities between countries. Recent studies suggest that around half of the differences in income per capita can be attributed to productivity variations. However, the question arises: what factors contribute to aggregate productivity? One prevailing view suggests that aggregate productivity is influenced by firm-embedded
Blogs
Published 2023
Comprender la desigualdad de ingresos: el papel de la productividad empresarial
La productividad ha sido reconocida durante mucho tiempo como un determinante clave que moldea las disparidades de ingresos entre países. Estudios recientes sugieren que cerca de la mitad de las diferencias en los ingresos per cápita pueden atribuirse a diferencias en la productividad. Sin embargo, surge la pregunta: ¿qué factores contribuyen a la productividad agregada?
Blogs
Published 2023
Skills: The New Push to Attract Investment 
Skills and talent as a brand is a strong driver to investment
Blogs
Published 2023
El valor de la infraestructura de transporte: ¿cómo medir sus impactos indirectos?
Beneficios indirectos de la infraestructura de transporte El aporte al desarrollo de las obras de infraestructura de transporte puede ser significativo, pero difícil de cuantificar. Los beneficios directos a los usuarios de una carretera justifican inversiones en mejoras, pero no capturan la potencial contribución indirecta de estas mejoras en generar mayores oportunidades de desarrollo económico
Blogs
Published 2023
¿Deberían los países de América Latina y el Caribe reducir los impuestos a la renta corporativa para estimular la inversión y el crecimiento?
América Latina y el Caribe (ALC) presenta de tasas de inversión crónicamente bajas, lo que perjudica el crecimiento económico. Considerando que los altos impuestos a la renta corporativa desincentivan la inversión de las empresas, una cuestión importante de política pública es si la región debería reducir estos impuestos. Un primer paso para responder a esta
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