IDB Group and Empresas Públicas de Medellín agree to a prepayment of Hidroituango

The IDB Group announces that it is in conversations with its client EPM to determine the conditions of a prepayment of the loan provided by the IDB Group to finance the Ituango Hydroelectric Project in Colombia.

This announcement is made in light of uncertainties with the fulfillment of the next milestones agreed in the loan contract and its impact on the project.

The IDB Group and EPM will be working on the terms and deadlines for a completion of the loan contract and prepayment conditions.

The IDB Group remains committed to Colombia, working with the Government to support its economic and social development objectives.

About IDB Invest

IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social and environmental development in the region. With a portfolio of $13.1 billion in assets under management and 385 clients in 26 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries