2024-02-28 20:24:16
The National Government is in the adjustment phase to the National Fund for the Development of Infrastructure, Fondes, as part of its strategy to promote reindustrialization and change the country’s economic model. According to a draft decree prepared by the Ministry of Finance, it is planned to allocate $50,000 million annually to finance seed capital and energy transition programs from the Fondes.
The draft decree proposes that the Fondes can participate and finance programs and projects of public entities or national public funds that focus on seed capital, reindustrialization, energy transition, and other support and investment schemes. The main objective is to promote the consolidation of the infrastructure of companies and projects that operate in strategic sectors for the national economy.
Seed capital resources, according to the document, would be aimed at financing projects or companies in early or consolidation stages, supporting their operation, scalability or growth through strengthening their infrastructure.
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In addition to reindustrialization, resources will also be allocated to technology-based programs and key sectors for the national economy, which will be prioritized by the Ministry of Commerce. According to the project, an allocation of up to $50 billion annually is expected for seed capital programs.
It is important to highlight that the management of these resources will not fall on the Fondes, but will be the responsibility of public entities or public funds, ensuring efficient and transparent management to achieve the objectives set out in the government proposal.
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