• Colombia
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 13, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ EIB website

Updated in EWS Nov 27, 2019

Disclosed by Bank Nov 14, 2019

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to the bank: 

The project operation consists in a loan to Bancoldex to be directly onlent or channelled through Financial Intermediaries (FIs) to private sector final beneficiaries based in the areas classified by the Colombian Government as 'stabilisation areas' (meaning areas which were highly affected by the armed paramilitary and guerrilla conflict).

The loan is expected to support private sector operations in a wide range of sectors. The EIB funds will be dedicated to finance exclusively projects in areas related to the successful implementation of the peace process in Colombia, which will be defined by the Government of Colombia.

By on-lending to private sector enterprises, particularly in the sensitive areas defined by the Government, the EIB and Bancoldex will contribute to the development of private sector initiatives offering the possibility of an inclusive growth, job creation and poverty reduction for the population of these regions.

Investment Description
  • European Investment Bank (EIB)
Private Actors

The Bank of Foreign Trade (Bancóldex), is a state owned commercial bank that operates as Colombia's entrepreneurial development and export-import bank, providing long- and short-term financing and specialised financial products to support Colombian exports and other foreign trade-related activities with the goal to modernise companies in the fields of commerce, industry and tourism, and giving priority to small and medium enterprises.

Contact Information


The EIB Complaints Mechanism is designed to facilitate and handle complaints against the EIB by individuals, organizations or corporations affected by EIB activities. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal - the Complaints Mechanism Office - and one external - the European Ombudsman. A complaint can be lodged via a written communication addressed to the Secretary General of the EIB, via email to the dedicated email address, by completing the online complaint form available at the following address:, via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check:

When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: