Colombia’s Ministry of Finance authorized state-owned power transmission company Interconexión Eléctrica (ISA) to sign a local loan contract with Bancolombia for up to COP 400 billion, approximately $120 million at current exchange rates. The 11-year financing carries an interest rate of Colombia’s six-month IBR reference rate plus 2.55 percentage points, representing more favorable terms than a comparable facility ISA obtained from Davivienda. The approval positions ISA to advance its COP 14 trillion ($4.35 billion) capital expenditure program for 2026-2027, with regional transmission expansion accounting for the bulk of planned investment.