LatinNews Daily - 27 November 2018

* Colombia’s Bancóldex, a state-owned commercial bank, has announced that on 29 November it will issue the world’s first ever bonds for the 'orange economy' (of entrepreneurship, creative industries, and innovation) for Col$300bn (US$92m) extendable up to Col$400bn. According to a Bancóldex press release, resources from the bonds will, via loans, be used to finance or refinance activities and projects of companies linked to the creative and cultural industries which belong to the following categories: 1) conventional cultural industries (editorial, audio-visual and phonography); 2) functional creations, new media and software; and 3) arts and heritage such as visual arts, ecotourism, and shows.

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