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

Rural development
Colombia
COUNTRIES
Colombia
DATES
15/11/2018 - 14/11/2023
TOTAL BUDGET
€ 150 340 000
TOTAL LAIF CONTRIBUTION
€ 10 340 000
SECTOR
Rural development
TYPES OF SUPPORT
Investment Grants
Technical Assistance
CITIES / PROVINCES
Post-conflict priority regions identified by the PDET
DESCRIPTION

This is regarded as a pilot operation of European cooperation to support the peace process in Colombia, through a common initiative to boost investment in post-conflict municipalities. This pilot operation is the result of discussions with the Colombian Financial Corporation for the Territorial Development S.A - FINDETER and the experience accumulated through the first LAIF program with FINDETER. The operation consists of a credit facility to finance territorial development in post-conflict areas. This will be accomplished through the structuring of projects (technical assistance) and investments (investment grants) in priority areas which have been 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
CRIS REFERENCE
DCI-LA/2018/ /398-104