LatinNews Regional Monitor: Andean Group - 30 November 2018

* Colombia’s President Iván Duque has hailed the issuance of Col$300bn (US$92m) in bonds by Colombia’s Bancóldex, a state-owned commercial bank, for the 'orange economy' (of entrepreneurship, creative industries, and innovation), extendable up to Col$400bn. According to an earlier 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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