PROGRAMMATIC FISCAL AND INSTITUTIONAL STRUCTURAL ADJUSTMENT LOAN III

Abstract*

The Third Programmatic Fiscal and Institutional Structural Adjustment Loan Project within the program will focus primarily on the following key policy actions: a) acceleration of the phase-out of tax exemptions for profits of certain firms; b) increased revenues derived from improvements in tax administration of at least 0.3 percent of GDP, between 2003 and 2004, while maintaining DIAN - Direccion de Impuestos y Aduanas Nacionales - administrative... Show More

Development Objective

The government's fiscal and institutional reform agenda is supported by the Bank through the series of four single-tranche Fiscal and Institutional Adjustment Loans (FIAL). The objectives of this series of loans are two: first, to promote reforms addressing fiscal rigidities necessary to attain the substantial fiscal adjustment underlying sustainable macroeconomic stability; and second, to improve the provision of public services and establish the institutional basis for higher efficiency and accountability in public expenditure.

Key Details

Project Details

Project ID
P084762
Status
Closed
Team Leader
Mario Francisco Sangines
Borrower 2
N/A

Country
Colombia
Disclosure Date
October 18, 2004
Approval Date
(as of board presentation)
March 22, 2005
Effective Date
April 26, 2005

Total Project Cost 1
US$ 100.00 million
Implementing Agency
N/A
Region
Latin America and Caribbean
Fiscal Year 3
2005

Commitment Amount
US$ 100.00 million
Environmental Category
N/A
Environmental and Social Risk
Not Applicable
Closing Date
June 30, 2005

Last Stage Reached
BANK APPROVED
Last Update Date
January 15, 2013

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Economic Policy

FY17 - Fiscal Policy22%
- FY17 - Fiscal sustainability15%
- FY17 - Tax policy7%

FY17 - Public Sector Management

FY17 - Public Administration36%
- FY17 - Administrative and Civil Service Reform28%
- FY17 - Transparency, Accountability and Good Governance7%
FY17 - Public Finance Management28%
- FY17 - Debt Management15%
- FY17 - Domestic Revenue Administration7%
- FY17 - Public Expenditure Management7%
FY17 - Rule of Law15%
- FY17 - Judicial and other Dispute Resolution Mechanisms5%
- FY17 - Legal Institutions for a Market Economy5%
- FY17 - Personal and Property Rights5%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	100.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	100.00
IDA Commitment	N/A
IBRD + IDA Commitment	100.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	100.00

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

No data available.

Detailed Financial Activity as of July 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Dec 15, 2013	IBRD-72800	Int Charges	795,000.00
Mar 22, 2005	IBRD-72800	Loan Commitment	100,000,000.00
Dec 15, 2013	IBRD-72800	Loan Repay	232,501.50
Dec 15, 2013	IBRD-72800	Loan Repay	5,000,000.00
Dec 15, 2014	IBRD-72800	Loan Repay	4,832,453.50
Dec 15, 2014	IBRD-72800	Loan Repay	167,546.67
Dec 15, 2014	IBRD-72800	Loan Repay	5,000,000.00
Dec 15, 2014	IBRD-72800	Int Charges	115,900.01
Dec 15, 2014	IBRD-72800	Int Charges	636,000.00
Dec 15, 2013	IBRD-72800	Int Charges	167,749.98
Jun 15, 2014	IBRD-72800	Loan Repay	657,692.25
Jun 15, 2014	IBRD-72800	Loan Repay	5,000,000.00
Jun 15, 2014	IBRD-72800	Int Charges	134,225.00
Jun 15, 2014	IBRD-72800	Int Charges	715,500.00
Jun 15, 2014	IBRD-72800	Loan Repay	4,150,275.00
Jun 15, 2014	IBRD-72800	Loan Repay	192,032.75
Dec 15, 2015	IBRD-72800	Loan Repay	4,561,857.00
Dec 15, 2015	IBRD-72800	Loan Repay	438,143.00
Dec 15, 2015	IBRD-72800	Loan Repay	5,000,000.00
Jun 15, 2015	IBRD-72800	Int Charges	104,397.23
Jun 15, 2015	IBRD-72800	Int Charges	556,500.00
Jun 15, 2015	IBRD-72800	Loan Repay	4,487,453.00
Jun 15, 2015	IBRD-72800	Loan Repay	512,547.00
Jun 15, 2015	IBRD-72800	Loan Repay	5,000,000.00
Dec 15, 2015	IBRD-72800	Int Charges	105,225.00
Dec 15, 2015	IBRD-72800	Int Charges	477,000.00
Dec 15, 2016	IBRD-72800	Int Charges	120,983.32
Dec 15, 2016	IBRD-72800	Int Charges	318,000.03
Dec 15, 2016	IBRD-72800	Loan Repay	4,853,966.00
Dec 15, 2016	IBRD-72800	Int Charges	0.01
Jun 15, 2016	IBRD-72800	Int Charges	127,083.33
Jun 15, 2016	IBRD-72800	Int Charges	397,499.97
Jun 15, 2016	IBRD-72800	Loan Repay	4,841,590.50
Jun 15, 2016	IBRD-72800	Loan Repay	158,409.38
Jun 15, 2016	IBRD-72800	Loan Repay	5,000,000.00
Jun 15, 2017	IBRD-72800	Loan Repay	136,365.02
Jun 15, 2017	IBRD-72800	Loan Repay	5,000,000.00
Jun 15, 2017	IBRD-72800	Int Charges	117,541.66
Jun 15, 2017	IBRD-72800	Int Charges	238,500.00
Jun 15, 2017	IBRD-72800	Loan Repay	4,863,635.00
Dec 15, 2016	IBRD-72800	Loan Repay	146,034.00
Dec 15, 2016	IBRD-72800	Loan Repay	5,000,000.00
Dec 15, 2017	IBRD-72800	Loan Repay	97,763.69
Dec 15, 2017	IBRD-72800	Loan Repay	928,953.70
Dec 26, 2017	IBRD-72800	Loan Repay	4,071,046.20
Dec 15, 2017	IBRD-72800	Int Charges	84,891.67
Dec 15, 2017	IBRD-72800	Int Charges	159,000.00
Dec 15, 2017	IBRD-72800	Loan Repay	4,902,236.50
Jun 26, 2018	IBRD-72800	Loan Repay	3,955.70
Jun 15, 2018	IBRD-72800	Loan Repay	60,976.05
Jun 15, 2018	IBRD-72800	Loan Repay	4,939,024.00
Jun 15, 2018	IBRD-72800	Loan Repay	0.01
Jun 15, 2018	IBRD-72800	Int Charges	3,955.70
Jun 15, 2018	IBRD-72800	Int Charges	50,808.33
Jun 15, 2018	IBRD-72800	Int Charges	79,499.98
Jun 15, 2018	IBRD-72800	Loan Repay	4,939,024.00
Jun 15, 2018	IBRD-72800	Loan Repay	57,020.35
Jun 15, 2019	IBRD-72800	Int Charges	3.84
Dec 15, 2013	IBRD-72800	Loan Repay	4,767,498.50

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Program Management	Satisfactory	2005-04-22
Progress towards achievement of PDO	Satisfactory	2005-04-22
Monitoring and Evaluation	Satisfactory	2005-04-22
Overall Implementation Progress (IP)	Satisfactory	2005-04-22

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 03-28-2006	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Unsatisfactory	N/a
Risk To Development Outcome	Not Rated	N/a
Bank Performance	Unsatisfactory	N/a
Borrower Performance	Unsatisfactory	N/a
Government Performance	Unsatisfactory	N/a
Implementing Agency	Unsatisfactory	N/a
Icr Quality	Satisfactory	N/a
M&e Quality	Not Rated	N/a

Results Framework

No data available.

PROGRAMMATIC FISCAL AND INSTITUTIONAL STRUCTURAL ADJUSTMENT LOAN III

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

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Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

Detailed Financial Activity as of July 31, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework