IDB Helps Fund Colombia's Logistics System Reform Program

    A container ship docked at a port in Cartagen, Colombia. The Inter-American Development Bank has approved $300 million loan to support the modernization of the country's logistical and freight transport systems. Photo by: Pete / CC BY

    The Inter-American Development Bank has approved a $300 million loan to support the modernization of Colombia’s logistical and freight transport systems.

    The loan will be used for a reform program that aims to reduce the cost and time required to process exports, imports and other international commerce in Colombia’s ports and trade centers. This program is expected to support the implementation of the country’s national logistics policy, which targets improving the quality of information on freight, streamlining and modernizing trade regulation, and implementing more sustainable environmental measures, among others.

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    About the author

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      Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.