LATAM Infrastructure Project Finance — IDB, CAF and Multilateral Lenders

Reach financial close on a USD 480M Colombian toll-road concession (CVAN). Build the multilateral debt stack (IDB Invest A-loan, B-loan syndication, CAF tranche, sponsor equity), price country risk through the EMBI lens, decide a defensible currency-hedge ratio under structural USD-debt / COP-revenue mismatch, negotiate the package across four counterparties, and stress-test the minimum DSCR for a sceptical credit committee.