Fund for the Reactivation and Reconstruction of Providencia and Santa Catalina (FRP)
Blooming Roots: Fund for the Reactivation and Reconstruction of Providencia and Santa Catalina (FRP) launched in March 2022. This first-of-its-kind fund provides support for the reconstruction of businesses in Colombia’s Providencia and Santa Catalina Islands affected by Hurricane Iota, a devastating Category 4 tropical cyclone, which tore through the islands in November 2020.
The Fund is sponsored by Banco de Comercio Exterior de Colombia (Bancoldex) and the United Nations Development Programme, as anchor investors, and managed by AMPLO Inversión de Impacto (AMPLO) with GBF.