Colombia Territorial Development Development Policy Loan (DPL) (WB-P158520)

Countries
  • Colombia
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 8, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Colombia
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 800.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 800.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 16, 2017

Disclosed by Bank May 9, 2016


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
This is the first in a series of two single-tranche programmatic Development Policy Financing (DPF) operations. The objective of the programmatic DPF is to support the efforts of the Government of Colombia to: (i) strengthen institutions for land management and territorial planning; and (ii) improve subnational financial management and investment prioritization. The operation builds on, and complements a portfolio of current and previous World Bank operations and analytical work in the areas of urban and rural development, land management, decentralization, financial management and subnational governance. The operation supports the GoC’s medium-term agenda towards a more integrated territorial development. The National Development Plan (NDP) 2014-2018 outlines a program of reforms to strengthen territorial development, hereby reducing gaps between leading and lagging regions. This is a key element of the Government’s post-conflict and peace agenda. The NDP comprises reforms at two levels: (a) policies and institutions at the national level to improve land management and territorial planning, and (b) policies at the sub-national level to improve the efficient allocation of resources and project execution. The operation also builds upon the current peace and post-conflict agenda and is well aligned with the objectives of the World Bank Group’s Colombia Country Partnership Framework (CPF) FY2016-2021.
Investment Description
  • World Bank (WB)
Contact Information
ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.