Technical Assistance for Colombia - Government Debt and Infrastructure Finance

Provide TA to Financiera de Desarrollo Nacional (FDN) to enhance is capacity to assist PPP projects in Colombia in order to improve their bankability and access sources of financing in the domestic and international markets.

FDN seeks to develop a business plan and funding strategy that maintains its local AAA rating to ensure the most cost effective financing available for PPP projects in the domestic and international capital markets.

To this end, the focus of this TA is on the following: Adjustment of FDNs internal credit risk management system (Sistema de Administracion de Riesgo Crediticio, or SARC) to accommodate analysis for PPP project lending, SFC standardization requirements, and compliance with regulations; the development of PPP project risk structuring tools and guidelines with the goal of improving the bankability of PPP projects structured by FDN; the assessment of credit enhancement provided by FDN loans and guarantees in order to enhance a PPP projects capital structure through the provision of senior or subordinate debt and/or guarantees by FDN; the development of FDN funding and credit rating strategies to obtain financing through corporate deb