EPM to Receive French Loan

Colombia’s Empresas Publicas de Medellin EPM has agreed on a $338m loan from the Agence Francaise de Developpement (AFD), it says. The 15-year credit has a 3-year grace period. Further terms of the funding were not available, and EPM officials were unable to comment. EPM is the first corporate in Colombia to receive such a credit, with AFD previously providing funding to the country and also to the city of Medellin. The funding is part of a program aimed at helping developing countries address poverty, economic growth and environmental issues.