IDB grants $20-million-loan to Colombian pharmaceutical Procaps

IDB Invest, a member of the Inter-american Development Banks -IDB Group, has provided a senior loan of up to $20 million to Procaps S.A. to support the expansion plan of the Colombian pharmaceutical company. The loan will be used to increase the supply of quality pharmaceutical products, support innovation and dissemination of knowledge, increase its product offering and strengthen its value chain

$2,6 bn of severance payments in 2021 so far

Severance payments reached $2,6 billion (COP 9.22 trillion) in Colombia between January 1 and February 15, 2021. It is an increase of 1.7% compared to the same period in 2020. Porvenir received the highest with $1,2 billion (COP 3,55 billion), followed by Protection $953 million ($ 2.70 billion) and Fondo Nacional de Ahorro $771 million (COP 2.22 billion).