CO First Programmatic Sustained Growth and Income Convergence DPL

closed

Closed

The First Programmatic Sustained Growth and Income Convergence Project for Colombia supports the government's efforts to sustain economic growth and increase productivity. The project will achieve this by supporting the implementation of policy reforms in three main areas: pillar 1 will foster solutions to develop infrastructure financing and increasing access to finance for firms; pillar 2 will improve the quality and allocation of productive skills; and pillar 3 will increase productivity by promoting innovation and an efficient regulatory environment. The program development objectives are to, i) improve the access to financial markets for road infrastructure investments and firms, ii) improve training, build productive skills and improve its allocation, and iii) strengthen regulations that affect innovation and business efficiency, as means to support sustained growth and income convergence. The project is the first in a series of two programmatic development policy loans (DPLs) under a single tranche. This first DPL of the programmatic operation supports a set of initial reforms which are expected to contribute to long term-growth. In particular, the first DPL supports key reforms that are grouped in three pillars: actions under pillar 1 foster solutions to develop private infrastructure financing and increase access to finance for firms; pillar 2 includes actions aimed at improving the quality and allocation of productive skills; and pillar 3 supports actions to promote innovation and improving business regulations.

FY17 - Financial Sector,FY17 - Industry, Trade and Services,FY17 - Social Protection

World Bank Group

Project

Road, Government