This institution was created in 1940, in order to support Colombian industrial development. In particular, the IFI has been the state financial instrument in charge of promoting the foundation, expans.. Read more »ion or merger of basic and first-class production companies and responding to the democratization of the credit provisions contained in the Development plans of the different governments.
Its establishment was justified by the lack of initiative of the private sector in financial activities and reflected the need to generate a financial outline to the industrial sector in a model of substitution of imports.
Colombia