Boost investments for post conflict territories to reduce development gap in Colombia - FINDETER II

Urban development
COUNTRIES
Colombia
DATES
Nov/2018 - Dec/2021 CLOSED
PROJECTED TOTAL INVESTMENT SIZE
€ 140 000 000
EU CONTRIBUTION
€ 10 340 000
SECTOR
Urban development
TYPES OF SUPPORT
Investment Grants
Technical Assistance
DESCRIPTION

This was a pilot operation of European cooperation to support the peace process in Colombia through a common initiative led by AFD to boost investment in post-conflict municipalities.

The operation was the result of discussions with the Colombian Financial Corporation for the Territorial Development S.A (FINDETER) and the experience accumulated through the first LACIF program with FINDETER. The operation consisted of a credit facility to finance territorial development in post-conflict areas. The programme provided technical assistance and investments in priority areas selected by the Colombian government through the local Development Programs with a Territorial Focus (PDET - Programas de Desarrollo con Enfoque Territorial).

RESULTS
Close the development gap between rural and urban areas in 17% of the PDET areas, which accounts for approximately 1.5 million people.
LEAD FINANCING PARTNER
CO-FINANCING PARTNERS
CONTRIBUTION TO SUSTAINABLE DEVELOPMENT GOALS