| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 200.00 |
Second Programmatic Fiscal Sustainability and Growth Resilience Development Policy Loan
Abstract*
The development objective of the Second Programmatic Fiscal Sustainability and Growth Resilience Development Policy Loan (DPL) Program for Colombia is to enhanced fiscal sustainability and strengthened resilience of economic growth. The Government of Colombia has requested a DPL for US$200 million. The First DPL for US$300 million, approved by the Board in July 2011, supported the legislative approval of several important fiscal reforms. Building... Show More
Development Objective
Enhanced fiscal sustainability and strengthened resilience of economic growth.
Key Details
Project Details
P129465
Closed
Barbara Cunha
N/A
May 18, 2012
(as of board presentation)
November 13, 2012
December 7, 2012
US$ 200.00 million
N/A
2013
US$ 200.00 million
N/A
August 16, 2023
June 30, 2013
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 200.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 200.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 200.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Mar 13, 2020 | IBRD-82230 | Loan Disb | -200,000,000.00 |
| Mar 13, 2020 | IBRD-82230 | Loan Disb | 200,000,000.00 |
| Feb 15, 2020 | IBRD-82230 | Int Charges | 3,097,333.20 |
| Aug 15, 2018 | IBRD-82230 | Int Charges | 3,077,000.00 |
| Feb 15, 2019 | IBRD-82230 | Int Charges | 3,588,000.00 |
| Feb 15, 2018 | IBRD-82230 | Int Charges | 2,514,666.80 |
| Aug 15, 2017 | IBRD-82230 | Int Charges | 2,353,000.00 |
| Feb 15, 2017 | IBRD-82230 | Int Charges | 2,248,889.00 |
| Feb 15, 2016 | IBRD-82230 | Int Charges | 1,553,777.80 |
| Aug 15, 2016 | IBRD-82230 | Int Charges | 1,880,666.60 |
| Aug 15, 2013 | IBRD-82230 | Int Charges | 501,500.00 |
| Aug 15, 2013 | IBRD-82230 | Int Charges | 1,468,111.10 |
| Feb 15, 2014 | IBRD-82230 | Int Charges | 1,431,111.10 |
| Feb 15, 2015 | IBRD-82230 | Int Charges | 1,359,555.50 |
| Aug 15, 2014 | IBRD-82230 | Int Charges | 1,337,388.90 |
| Nov 13, 2012 | IBRD-82230 | Loan Commitment | 200,000,000.00 |
| Feb 15, 2024 | IBRD-82230 | Int Charges | 1,990,000.00 |
| Aug 15, 2015 | IBRD-82230 | Int Charges | 1,387,666.60 |
| Aug 15, 2023 | IBRD-82230 | Int Charges | 1,990,000.00 |
| Aug 15, 2024 | IBRD-82230 | Int Charges | 1,990,000.00 |
| Aug 15, 2022 | IBRD-82230 | Int Charges | 1,990,000.00 |
| Feb 15, 2023 | IBRD-82230 | Int Charges | 1,990,000.00 |
| Aug 15, 2021 | IBRD-82230 | Int Charges | 1,990,000.00 |
| Feb 15, 2022 | IBRD-82230 | Int Charges | 1,990,000.00 |
| Feb 15, 2021 | IBRD-82230 | Int Charges | 1,990,000.00 |
| Aug 15, 2020 | IBRD-82230 | Int Charges | 406,500.00 |
| Aug 15, 2020 | IBRD-82230 | Int Charges | 1,680,444.50 |
| Aug 15, 2019 | IBRD-82230 | Int Charges | 3,760,777.80 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Satisfactory | 2013-07-10 |
| Monitoring and Evaluation | Satisfactory | 2013-07-10 |
| Overall Implementation Progress (IP) | Satisfactory | 2013-07-10 |
| Program Management | Satisfactory | 2013-07-10 |
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: 04-16-2014 |
|---|---|
| Outcomes | Substantial |
| Risk to Development Outcome | Negligible |
| Bank Performance | Substantial |
| Borrower Performance | Substantial |
| Government Performance | Substantial |
| Implementing Agency | Substantial |
INDEPENDENT EVALUATION RATINGS
| INDICATOR | ICR REVIEW: 06-25-2015 | PROJECT PERFORMANCE ASSESSMENT REPORT: |
|---|---|---|
| Outcome Rating | Moderately Satisfactory | N/a |
| Risk To Development Outcome | Moderate | N/a |
| Bank Performance | Moderately Satisfactory | N/a |
| Borrower Performance | Satisfactory | N/a |
| Government Performance | Satisfactory | N/a |
| Implementing Agency | Satisfactory | N/a |
| Icr Quality | Satisfactory | N/a |
| M&e Quality | Substantial | N/a |
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Central Government non-oil, tax revenue as share of GDP Value 12.00 12.60 13.20 Date December 31, 2010 December 31, 2012 December 31, 2013 Comment Baseline was modified slightly from 12.2 to 12.0 percent of GDP in light of new data from the Ministry of Finance and Public Credit. In 2012, revenue collections were lower than initially projected in the DPL due to a slowdown in economic activity in the secondhalf of the year. End target has been increased from 12.5 to 13.2 during the preparation of the second DPL in the series in light of solidperformance. Reimbursements to health insurance companies from FOSYGA for medical services (procedures and medicines) outside the Manadatory Benefit Package of the contributive regime (recurrent expenditure). Value COP 2,345 billion COP 1,944 billion COP 2,400 billion or lower Date December 31, 2010 December 31, 2012 December 31, 2013 Comment Slightly revised from 2,400 to 2,345 to ensure precision. On track. 2012 outcome is well below the 2013 target. Number of financial instruments implemented to mitigate national disaster risks. Value 2.00 2.00 3.00 Date December 31, 2010 June 25, 2013 December 31, 2013 Comment Revised from 0 to 2 in light of improved information. On track. The Second CAT-DDO became effective on January 3, 2013. The third instrumented contemplated is the Catastrophe Swap whichis currently at an advanced stage of preparation, but has not been placed on the market yet. The Consultative Commitee issues a statement on the annual fiscal rule implementation report prepared by the Ministry of Finance and Public Credit. Value No No Yes Date November 28, 2012 June 25, 2013 December 31, 2013 Comment On track. The Consultive Committee (CC) was established on May 22, 2013, and the first report by the MFPC handed in on June 14,2013. The statement by the CC is still pending. The central government structural fiscal balance (percent of GDP) Value -2.70 -2.40 -2.40 Date December 31, 2011 December 31, 2012 December 31, 2013 Comment On track. The target of -2.4% was already met in 2012. The central government balance for 2013 is projected to be -2.4% of GDP. Coverage of agricultural insurance (percent of area cultivated) Value 1.00 1.29 1.20 Date December 31, 2011 December 31, 2012 December 31, 2013 Comment On track. Targeted was reached in 2012