Third Programmatic Business Product and Efficiency Development Policy Loan

Abstract*

The Third Programmatic Business Productivity and Efficiency Development Policy Loan for Colombia will be executed over a period of three years. This operation will support policy and institutional reforms in three areas: strengthening of fiscal management, the financial system and capital markets; improvement of the quality standards and technological innovation framework; and strengthening of infrastructure and logistics. The loan will support sustainable... Show More

Development Objective

The DO is to support sustainable growth and alleviation of poverty by: - Facilitating the operation of businesses and promoting investment to boost productivity and employment levels; and - Consolidating the financial sector and capital markets as pillars of economic growth to address the needs of individuals (particularly the poor and underserved) and the productive sector.

Key Details

Project Details

Project ID
P105029
Status
Closed
Team Leader
Eva Gutierrez
Borrower 2
N/A

Country
Colombia
Disclosure Date
December 14, 2007
Approval Date
(as of board presentation)
April 8, 2008
Effective Date
October 7, 2008

Total Project Cost 1
US$ 550.00 million
Implementing Agency
N/A
Region
Latin America and Caribbean
Fiscal Year 3
2008

Commitment Amount
US$ 550.00 million
Environmental Category
N/A
Environmental and Social Risk
Not Applicable
Closing Date
June 30, 2011

Last Stage Reached
BANK APPROVED
Parent Projects
P095213
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 - Trade38%
- FY17 - Trade Facilitation38%

FY17 - Private Sector Development

FY17 - Business Enabling Environment25%
- FY17 - Regulation and Competition Policy25%
FY17 - Jobs8%
- FY17 - Job Creation8%

FY17 - Public Sector Management

FY17 - Public Administration7%
- FY17 - Transparency, Accountability and Good Governance7%
FY17 - Public Finance Management7%
- FY17 - Public Expenditure Management7%

FY17 - Urban and Rural Development

FY17 - Rural Development8%
- FY17 - Rural Infrastructure and service delivery8%
FY17 - Urban Development8%
- FY17 - Urban Infrastructure and Service Delivery8%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	550.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	550.00
IDA Commitment	N/A
IBRD + IDA Commitment	550.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	550.00

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$)
Apr 15, 2021	IBRD-75340	Int Charges	8,400,150.00
Apr 15, 2021	IBRD-75340	Loan Repay	16,665,000.00
Oct 15, 2018	IBRD-75340	Int Charges	9,900,000.00
Oct 15, 2018	IBRD-75340	Loan Repay	16,665,000.00
Apr 15, 2019	IBRD-75340	Int Charges	9,600,030.00
Apr 15, 2019	IBRD-75340	Loan Repay	16,665,000.00
Oct 15, 2019	IBRD-75340	Loan Repay	16,665,000.00
Oct 15, 2019	IBRD-75340	Int Charges	9,300,060.00
Apr 15, 2018	IBRD-75340	Int Charges	9,900,000.00
Oct 15, 2016	IBRD-75340	Int Charges	9,900,000.00
Apr 15, 2017	IBRD-75340	Int Charges	9,900,000.00
Oct 15, 2017	IBRD-75340	Int Charges	9,900,000.00
Apr 15, 2015	IBRD-75340	Int Charges	9,900,000.00
Oct 15, 2015	IBRD-75340	Int Charges	9,900,000.00
Apr 15, 2016	IBRD-75340	Int Charges	9,900,000.00
Oct 15, 2014	IBRD-75340	Int Charges	9,900,000.00
Oct 15, 2013	IBRD-75340	Int Charges	9,900,000.00
Apr 15, 2014	IBRD-75340	Int Charges	9,900,000.00
Oct 15, 2023	IBRD-75340	Int Charges	6,900,300.00
Oct 15, 2023	IBRD-75340	Loan Repay	16,665,000.00
Apr 15, 2024	IBRD-75340	Int Charges	6,600,330.00
Apr 15, 2024	IBRD-75340	Loan Repay	16,665,000.00
Apr 8, 2008	IBRD-75340	Loan Commitment	550,000,000.00
Oct 15, 2022	IBRD-75340	Loan Repay	16,665,000.00
Oct 15, 2022	IBRD-75340	Int Charges	4,999.50
Apr 15, 2023	IBRD-75340	Int Charges	7,200,270.00
Apr 15, 2023	IBRD-75340	Loan Repay	16,665,000.00
Oct 15, 2021	IBRD-75340	Int Charges	8,100,180.00
Oct 15, 2021	IBRD-75340	Loan Repay	16,665,000.00
Apr 18, 2022	IBRD-75340	Loan Repay	16,665,000.00
Apr 18, 2022	IBRD-75340	Int Charges	7,800,210.00
Oct 15, 2022	IBRD-75340	Int Charges	7,500,240.00
Apr 15, 2020	IBRD-75340	Int Charges	9,000,090.00
Apr 15, 2020	IBRD-75340	Loan Repay	16,665,000.00
Oct 15, 2020	IBRD-75340	Int Charges	8,700,120.00
Oct 15, 2020	IBRD-75340	Loan Repay	16,665,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Program Management	Satisfactory	2011-05-11
Progress towards achievement of PDO	Satisfactory	2011-05-11
Monitoring and Evaluation	Moderately Satisfactory	2011-05-11
Overall Implementation Progress (IP)	Satisfactory	2011-05-11

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 12-20-2011
Outcomes	Substantial
Risk to Development Outcome	Modest
Bank Performance	Substantial
Borrower Performance	Substantial
Government Performance	Substantial
Implementing Agency	Substantial

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 06-26-2017	PROJECT PERFORMANCE ASSESSMENT REPORT: 09-14-2012
Outcome Rating	Moderately Satisfactory	Moderately Satisfactory
Risk To Development Outcome	Moderate	Moderate
Bank Performance	Moderately Satisfactory	Moderately Satisfactory
Borrower Performance	Satisfactory	Satisfactory
Government Performance		Satisfactory
Implementing Agency	Satisfactory	Satisfactory
Icr Quality		Satisfactory
M&e Quality	Modest	Modest

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

total credit to GDP Value 23.00 30.50 27.00
Date December 31, 2004 December 31, 2009 December 31, 2009
Comment
private securities issuance Value 20.00 30.00 30.00
Date December 31, 2004 December 31, 2010 December 31, 2010
Comment
Total investment in science and technology as share of GDP Value 0.36 0.41 0.50
Date December 31, 2006 December 31, 2010 December 31, 2010
Comment
Number of accredited quality conforming assessment entities Value 20.00 388.00 0.00
Date December 31, 2007 December 31, 2010
Comment
Number of research groups receiving financial assistance from Colciencias Value 0.00 274.00 0.00
Date December 31, 2009
Comment
Number of enterprises benefitting from Colciencias innovation incentives per year Value 0.00 157.00 0.00
Date December 31, 2008
Comment
Number of doctoral students receiving loans for doctoral studies from Colciencias Value 0.00 566.00 0.00
Date December 31, 2010
Comment
Capacity to handle containers in the main ports Value About 34 days to export containers and 48 days to From 34 to 14 days to export; from 48 to 14 days t
Date December 31, 2007
Comment
Kilometers of road with private sector involvement Value 2.700 Km. of road 3.400 Km.
Date December 31, 2007 December 31, 2009
Comment

total credit to GDP	Value	23.00	30.50	27.00
	Date	December 31, 2004	December 31, 2009	December 31, 2009
	Comment

private securities issuance	Value	20.00	30.00	30.00
	Date	December 31, 2004	December 31, 2010	December 31, 2010
	Comment

Total investment in science and technology as share of GDP	Value	0.36	0.41	0.50
	Date	December 31, 2006	December 31, 2010	December 31, 2010
	Comment

Number of research groups receiving financial assistance from Colciencias	Value	0.00	274.00	0.00
	Date		December 31, 2009
	Comment

Capacity to handle containers in the main ports	Value	About 34 days to export containers and 48 days to	From 34 to 14 days to export; from 48 to 14 days t
	Date	December 31, 2007
	Comment

Kilometers of road with private sector involvement	Value	2.700 Km. of road	3.400 Km.
	Date	December 31, 2007	December 31, 2009
	Comment