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Bancolombia receives $60M loan from CAF

said it approved a $60 million loan to to be used for thedevelopment of environmental projects.

The developmentbank has already disbursed the first $10 million, which Bancolombia will usefor seven identified development initiatives in Antioquia, Cundinamarca and theCaribbean. The initiatives include sustainable construction projects, treatmentplants and machinery that allows energy efficiency, among others.