CAF commits $9 billion to Colombia and $550 million to Medellín

On July 24, the CAF (Development Bank of Latin America and the Caribbean) announced a historic financing package for Colombia, committing $9 billion for 2026-2030, and separately sealed a $550 million strategic alliance with Medellín. Source: Portafolio.co, El Colombiano

National framework: $9 billion for Colombia

The $9 billion commitment, described as the largest in CAF's history for the country, is structured around four pillars: security energy, infrastructure for productivity, prosperity and social inclusion, and territorial strengthening. Source: laRepublica.co Díaz-Granados stressed that this is a “floor” that could be exceeded. Source: Portafolio.co Within this total, $1.2 billion is earmarked for subnational operations to support local governments. Source: laRepublica.co President-elect Abelardo de la Espriella called the financing a “vote of confidence” in Colombia. Source: Infobae

Medellín strategic alliance: $550 million

Separately, CAF and Medellín signed a strategic alliance totaling $550 million through two credit lines: $250 million for programs within the current administration (to mid-2028) and $300 million for the expansion of the Medellín Metro, including the Metrocable of San Antonio de Prado. An additional $1 million in non-reimbursable technical cooperation was also announced. Source: El Tiempo The city presented a portfolio of priority projects, such as the modernization of the Atanasio Girardot stadium and new educational infrastructure.