May 22, 2021
The first phase of the program began in 2020, supported by a US$500 million loan from the World Bank. This second phase will focus on closing the energy, transportation, and digital development infrastructure gaps. It will also support reforms aimed at maintaining access to private financing for long-term infrastructure development.
“We hope that this program will accelerate the transition to cleaner and more resilient energy and transportation systems for the benefit of all Colombians and the environment. We also hope that access to digital infrastructure in rural areas will be improved, which will reduce inequalities,” said Ulrich Zachau, World Bank Director for Colombia and Venezuela. “We also hope that these reforms will stimulate economic growth, social inclusion, and job creation, and contribute to the reactivation of the economy after the crisis caused by the pandemic.”