1. What We Do

Colombia Fiscal and Growth DPL 1

Abstract*

The project development objectives (PDOs) of the First Fiscal Sustainability and Competitiveness Development Policy Financing (DPF) Project for Colombia are to: (i) support fiscal consolidation measures and improved contingent liabilities management; and (ii) foster productivity in non-extractive sectors by strengthening the policy framework for trade facilitation, investment, competition, business regulation, and innovation. The DPF series supports...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

Project Development Objective (Note: will be disclosed in the MOS)The new series of World Bank Development Policy Loans (DPLs) to Colombia would support: (1) fiscal reforms to gradually narrow the fiscal deficit while creating the fiscal space to pay the costs of the peace process and maintain spending on key investments that would support medium-term growth; and (2) competitiveness reforms to support productivity growth and economic diversification.Board Schedule Comments

Key Details

Project Details

  • P158739

  • Closed

  • Jasmin Chakeri , Leonardo Iacovone

  • Republic of Colombia

  • Colombia

  • July 15, 2016

  • (as of board presentation)

    March 16, 2017

  • September 6, 2017

  • US$ 600.00 million

  • National Planning Department,Ministry of Finance and Public Credit

  • Latin America and Caribbean

  • 2017

  • US$ 600.00 million

  • N/A

  • Not Applicable

  • March 30, 2018

  • BANK APPROVED

  • August 16, 2023

  • Notes

Sectors

Created with Highstock 5.0.14FY17 - Central Government(Central Agencies)FY17 - Central Government (Central Agencies)FY17 - Sub-National GovernmentFY17 - Insurance and PensionFY17 - TradeFY17 - Other Industry, Trade andServicesFY17 - Other Industry, Trade and Services

Themes

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 600.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 600.00
IDA Commitment N/A
IBRD + IDA Commitment 600.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 600.00

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of April 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Oct 15, 2018 IBRD-87160 Int Charges 396,732.66
Apr 15, 2018 IBRD-87160 Int Charges 657,145.94
Mar 20, 2018 IBRD-87160 Loan Disb 699,690,940.00
Sep 6, 2017 IBRD-87160 Fee Charges 1,694,670.60
Oct 15, 2019 IBRD-87160 Loan Disb 626,039,300.00
Oct 15, 2019 IBRD-87160 Loan Disb -626,039,300.00
Oct 15, 2019 IBRD-87160 Int Charges 3,564,250.20
Apr 15, 2019 IBRD-87160 Int Charges 3,509,710.50
Oct 20, 2020 IBRD-87160 Int Charges 5,437,795.50
Apr 15, 2020 IBRD-87160 Int Charges 5,021,203.50
Oct 18, 2021 IBRD-87160 Int Charges 5,335,604.00
Apr 16, 2021 IBRD-87160 Int Charges 5,518,812.50
Oct 15, 2022 IBRD-87160 Int Charges 4,481,244.50
Apr 15, 2022 IBRD-87160 Int Charges 4,975,631.50
Apr 15, 2023 IBRD-87160 Int Charges 5,090,482.00
Apr 15, 2024 IBRD-87160 Int Charges 4,905,662.00
Oct 15, 2023 IBRD-87160 Int Charges 4,841,677.50
Oct 15, 2018 IBRD-87160 Int Charges 117,376.53
Mar 16, 2017 IBRD-87160 Loan Commitment 600,000,000.00
Oct 15, 2018 IBRD-87160 Int Charges 3,618,537.80
Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 02-16-2022
OutcomesSubstantial
Risk to Development Outcome
Bank PerformanceSubstantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 07-21-2022PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingSatisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceSatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceNot RatedN/a
Implementing AgencyN/a
Icr QualitySubstantialN/a
M&e QualityN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • R2: Increase in the use of FONPET savings to finance subnational contributions to the subsidized health regimeValue0.003.713.70
    DateDecember 31, 2015December 31, 2019December 31, 2019
    Comment
  • RI8: Increase in the number of firms registered online through the new electronic single windowValue0.0042349.0012000.00
    DateDecember 31, 2015December 31, 2019December 31, 2019
    Comment
  • RI9: Expansion in number of programs that are revised (modified, discontinued, introduced) on the basis of the CONPESValue0.00265.0018.00
    DateDecember 31, 2015December 31, 2019December 31, 2019
    Comment
  • RI10: Increase in the total value of the projects that are registered in the PAED and that have been approved by OCADValue326.10899.90410.00
    DateDecember 31, 2015December 31, 2019December 31, 2019
    Comment
  • RI11: Increase in the share of existing fiscal incentives granted by the National Council of Fiscal Incentives for STI to firms that come from sectors other than mining and energyValue16.0067.0024.00
    DateDecember 31, 2015December 31, 2019December 31, 2019
    Comment
  • RI3: Increase in non-oil central government tax revenue, excluding the equity tax and surcharge CREEValue12.5013.4013.00
    DateDecember 31, 2015December 31, 2019December 31, 2019
    Comment
  • RI6: Reduction in customs clearance import times (average across all modes of transport)Value23.8522.4020.00
    DateDecember 31, 2015December 31, 2019December 31, 2019
    Comment
  • RI7: Increase in the number of firms applying to the leniency program and collaborating with the competition authority in antitrustinvestigationValue4.0013.007.00
    DateDecember 31, 2015December 31, 2019December 31, 2019
    Comment
  • RI13: Increase in number of Venezuelan migrants on the RAMV as of June 8, 2018 who had been issued a PEPValue0.00281596.00280000.00
    DateDecember 31, 2015December 31, 2019December 31, 2019
    Comment
  • RI12: Increase in the installed capacity of auto generated (and co-generated) electricityValue86.60254.90198.64
    DateDecember 31, 2015December 31, 2019December 31, 2019
    Comment
  • RI14: Number of migrants from Venezuela receiving services from the National Employment AgencyValue0.0076744.0050000.00
    DateDecember 31, 2015December 31, 2019December 31, 2019
    Comment
  • RI4: Reduction in VAT evasionValue22.2023.2023.10
    DateDecember 31, 2015December 31, 2019December 31, 2019
    Comment
  • RI5: Increase in new income tax taxpayersValue0.00748476.00420000.00
    DateDecember 31, 2015December 31, 2019December 31, 2019
    Comment
  • RI1: Reduction in central government personnel expenditures and general operating expenditures (gastos generales)Value3.102.802.80
    DateDecember 31, 2015December 31, 2019December 31, 2019
    Comment