Colombia Territorial Development Development Policy Loan

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This program document presents a Development Policy Loan in the amount of EUR 716.5 million to the Government of Colombia (GoC), 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 ofresources 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.