Colombia's Ministry of Commerce, Industry and Tourism and Bancóldex launched a 100 million dollar credit line to support trade operations with Venezuela. The measure aims to strengthen financial mechanisms between the two countries.
Colombia's Ministry of Commerce, Industry and Tourism and Bancóldex announced a strategy to improve payment channels and financing for bilateral trade. Bancóldex enabled a 100 million dollar credit line, including a peso quota of up to 185 billion for working capital.
About 1,200 Colombian companies export to Venezuela and bilateral trade reached 1.17 billion dollars in 2025. The initiative also includes a 50 million dollar component to prefinance exports and imports.
Minister Diana Marcela Morales Rojas noted that functional financial instruments are needed to reduce risks. “The recovery of binational trade requires much more than business will”, she said.
José Alberto Garzón, acting president of Bancóldex, highlighted the network of correspondent banks in Venezuela. The entity also launched the Ruta de oportunidades entre Colombia y Venezuela program to support exporters.
