Universidad Santo Tomas (IFC-40421)

Countries
  • Colombia
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
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.
Borrower
UNIVERSIDAD SANTO TOMAS
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Dec 5, 2017

Disclosed by Bank Nov 30, 2017


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Project Description
The proposed project includes an up to US$25M corporate A-loan to finance the expansion and modernization of the University. As part of its expansion and modernization, USTA developed its Strategic Development Master Plan to be implemented between 2016 and 2035. This plan includes the Multicampus Integration Plan (Plan de Integration Multicampus-PIM in Spanish), to be developed in three phases, aimed to establish a coordinated operations structure among all its campuses in the country. The PIM includes the Conservation and Restauration Plan, the Environmental Plan, the Standardization Plan, and the Maintenance Plan, among others. The Universidad Santo Tomas (“USTA” or the “University”) is a private university in Colombia. USTA has been established as a university since 1965, with operations in Bogota, Villavicencio, Tunja, Bucaramanga, Medellin and other smaller cities around the country.
Investment Description
  • International Finance Corporation (IFC)
Private Actors
Contact Information
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