The financial systems of Latin America and the Caribbean must consider the circular economy not only as a product, but also as a systemic approach, to take advantage of its potential. This study, prepared in coordination with the Swiss Foundation BASE, analyzes the role of the financial system in the transition process to circularity through Bancolombia, Banco de Bogotá and Bancóldex in Colombia.

In Colombia alone, an annual potential of US$11.7 billion was identified in efficiency and effectiveness savings in the use of materials, new business opportunities, and strengthening of value chains, in accordance with the National Circular Economy Strategy - ENEC.