IND RESTRUC

closed

The proposed project is intended to provide capital and other support to assist the private sector in renovating existing industrial production capacity, increasing product quality and service, building new capacity for goods in which Colombia has a dynamic comparative advantage, or phasing out capacity which is unlikely to produce acceptable long run returns in an internationally competitive business environment. The project incorporates public policy and regulatory adjustments in the areas of external trade, domestic competition, the financial sector, labor and technology. The project would also include: (a) a private sector credit program to finance investments and technical assistance at the enterprise level and supporting services at the subsector level; and (b) programs to facilitate labor force adjustment, environmental pollution control and project monitoring support.