September 16, 2024
Home Laws & Regulations Archive by category Banking & Financial Services
Bancolombia Business VP Cristina Arrastía
Banking & Financial Services

Bancolombia Extends US$4.3 Billion in Low-Interest Payroll Loans to 293,000 Small Businesses Following President Duque’s Prodding on Coronavirus-Crisis Aid

Medellin Herald
Medellin-based banking giant Bancolombia announced April 27 that it has approved COP$17.4 trillion (US$4.3 billion) in payroll-coverage loans to 293,000 small, medium and independent businesses in Colombia via a new National Guarantee Fund (FNG) Coronavirus-crisis program. Under the FNG
Colombia Treasury Minister Alberto Carrasquilla Details Coronavirus Loan Programs on April 15, 2020
Banking & Financial Services

Colombia Expands Small-Business Loan Programs Even While U.S. Programs Collapse

Medellin Herald
It’s a tale of two countries: U.S. President Donald Trump announced April 15 that Coronavirus-crisis emergency loan funds to help U.S. businesses meet payroll are exhausted – just as 22 million more North Americans hit the unemployment lines — yet Colombia simultaneously expanded its loan programs by COP$16 trillion (US$4.06 billion). Colombia Treasury Minister
Colombia Treasury Minister Alberto Carrasquilla Hails IMF's US$10.8 Billion Line-of-Credit
Banking & Financial Services

IMF Gives Nod to US$10 Billion Loans for Coronavirus Crisis; Small-Medium Businesses Get Payroll Help

Medellin Herald
The International Monetary Fund (IMF) announced April 9 that its executive board will recommend approval of a US$10.8 billion line-of-credit request to help Colombian businesses and workers weather the economic downturn caused by the Coronavirus crisis. “This renewable credit line helps safeguard against external shocks by providing countries who have very strong policy

Post Gallery

Medellin Herald: Find news, information, reviews and opinion on business, events, conferences, congresses, education, real estate, investing, retiring and more.

medellin.herald@gmail.com

COL (4) 386 06 27

USA (1) 305 517 76 35

Medellin, Antioquia, Colombia

Medellin Herald is a locally produced, English-language news and advisory service uniquely focused upon a more-mature audience of visitors, investors, conference and trade-show attendees, property buyers, expats, retirees, volunteers and nature lovers.

 

U.S. native Roberto Peckham, who founded Medellin Herald in 2015, has been residing in metro Medellin since 2005 and has traveled regularly and extensively throughout Colombia since 1981.

 

Medellin Herald welcomes your editorial contributions, comments and story-idea suggestions. Send us a message using the “contact” section.