CORPORACION FINANCIERA NACIONALY SURAMERICANA (CORFINSURA).CORPORACION FINANCIERA NACIONALY SURAMERICANA (CORFINSURA), a leading private-sector financial company in Colombia Colombia (kəlŭm`bēə, Span. kōlōm`byä), officially Republic of Colombia, republic (2005 est. pop. 42,954,000), 439,735 sq mi (1,138,914 sq km), NW South America. Bogotá is the capital and largest city. , is getting $50 million in fresh financing from the International Finance Corporation (IFC (Internet Foundation Classes) A class library from Netscape that provides an application framework and graphical user interface (GUI) routines for Java programmers. IFC was later made part of the Java Foundation Classes (JFC). See JFC, AFC and AWT. See also ICF. ), which is a part of the World Bank. Under the agreement, the IFC will be Corfinsura's "strategic partner" with 15% ownership and it will get a seat on the company's board of directors. Corfinsura is part of Sindicato Antioqueno Corfinsura, a diversified diversified (di·verˑ·s Colombian company, and specializes in long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. loans to Colombia's private sector. |
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