COLOMBIA: Financing Infrastructure for Urban Redevelopment Sub-National Technical Assistance Program - Phase II

Phase I of this PPIAF-funded project gave the Bank and the Government of Colombia (GoC) the opportunity to explore TIF as an innovative instrument to support Colombian cities diversifying urban infrastructure finance. The project provided useful insights on potential legal/regulatory bottlenecks that needs to be further studied, and key operational factors that should be taken into account in subsequent stages of the project. Hence, a new grant (phase II) is needed to support the national government and the city to move towards a successful TIF operation.