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Institutional blending via second-tier lender FINDETER in Colombia (Английский)

Following decentralization in Colombia during the 1980s, many municipalities faced challenges accessing finance for development projects, having had little or no previous experience borrowing long-term debt. Likewise, commercial lenders were not used to lend to municipal governments. FINDETER, a partly government-owned second-tier lender, was established in 1989 in Colombia. It provides discounted loans to domestic commercial banks that lend to local...
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