Walter Vargas, an executive of FMO, the Dutch government’s Business Development Bank, with a 40-year track record of investing in emerging markets.
“What we are offering is financing, as well as equity investment, assessing how projects are doing in Latin America and continuing to expand our reach in Colombia,” he told the Latam Mobility team.
Vargas stressed that Colombia is one of the most active markets in the last two years and there is a lot of interest on the part of the bank to continue growing, not only the portfolio, but the type of projects.
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“We want to get out of the traditional renewable energy and venture into electric mobility, Colombia is a supermarket of energy,” he said.
He assured that meetings such as those organized by Invest in Latam and Latam Mobility are key to boost the market, through public-private partnerships. “I believe this is the only way to grow and develop any market.”
About FMO
FMO is the Dutch business development bank. Their mission is to help entrepreneurs increase inclusive and sustainable prosperity.
They have investments in more than 85 countries, supporting the generation of employment and income to improve people’s lives.
For the entity, the adoption of good practices will have a broad positive impact on local development.
They create jobs, provide income for people, generate taxes and contribute to a healthy private sector. Through their approach, they seek to demonstrate to other investors that strong financial returns and positive impact on developing economies and emerging markets can go hand in hand.
