Colombia to Kick Off Infrastructure Fund

Colombia is set to formally launch Tuesday a $500m-$700m infrastructure fund administered by Ashmore Investment Management and local firm Inverlink to support infrastructure projects. “Investors are looking for more opportunities from sovereigns at the moment,” Viviana Lara, Colombia’s director of public credit tells LatinFinance. The fund, which will also receive sponsorship from the IDB, CAF and Bancoldex, will be open to all types of projects that offer strong returns and has the possibility to grow beyond $750m, Lara says. The official declines to indicate any likely projects, but says that the government has been receiving many viable proposals. Macquarie is serving as technical advisor.