Early Warning System

Countries

Colombia

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

IDB Invest (IDBI)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Completed

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Sep 28, 2020

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Capital Markets

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Finance

The service or industry focus of the investment. A project can have several sectors.

Investment Amount (USD)

$ 38.74 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Primary Source

Original disclosure @ IDBI website

Updated in EWS Jun 5, 2025

Disclosed by Bank Aug 26, 2020

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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The project consists of a subscription of a social bond with a focus on gender for up to the equivalent in Colombian pesos to US$40 million, to be issued by a Colombian entity through an offer on Colombia's Second Market. The issue will be divided into two series: (i) Series A, for the equivalent in Colombian pesos of up to US$ 20 million, which will be committed, and will have a term of up to 3 years with a bullet payment; and (ii) Series B, for the equivalent in Colombian pesos of up to US $ 20 million, which will be uncommitted and will have a term of up to 5 years.

The proceeds from the issue will be used to grow the entity's portfolio of loans aimed at women-led micro enterprises projects promoting gender equality in the country, in line with UNDP Sustainable Development Goal 5 on gender equality. A methodological framework will be developed setting eligibility criteria and reporting indicators to enable the proper selection and monitoring of projects to receive financing.

IDB Invest will provide technical assistance to obtain a second party opinion confirming the suitability of the methodological framework. IDB Invest will also help the client build a gender-based commercial strategy.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

E&S category according to the banck: FI-3

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

IDB Invest (IDBI)

The "Investment Type" was not available at the moment of the snapshot.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	CM Capital Markets Holding SA	Subsidiary	-

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

The "Contact Information" was not available at the moment of the snapshot.