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The provision is part of a larger, historic $1.36 billion USD bond that covers seismic risk for all four of the Pacific Alliance nations.

The environmental harm is ongoing, and Ecopetrol’s response to the catastrophe has drawn widespread criticism.

The Latin American Agribusiness Development Corporation will finance ventures in Colombia, Chile, Costa Rica, the Dominican Republic, Guatemala, Nicaragua, and Peru.

Colombia has previously hosted the event four times over the past six decades, mostly recently in 2009 in Medellín.

Garnero will remain involved with the company in an advisory capacity and his son, Mario Bernardo Garnero, will fill his seat on the board.

Ruta Amigo will be tapping into the U.S. firm's “Digital Issuance Platform” to roll out pre-paid loyalty cards that can be used for payments in various locations across the country or digitally.

The low projection is below the bulk of more optimistic predictions from various other groups that have weighed in.

From April 3-4, the Chilean capital will host discussions on regional energy policies, regulatory frameworks, renewable energies, natural gas, electrical transmission, and project financing, among others issues.

The investment builds upon a pre-existing partnership with IDB and will target infrastructure financing.

"I believe we are going to have a better performance for our exports," says Analdex head Javier Díaz Molina.