PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

601492

Primary Business Area

Other

Disclosure Date

Nov 19, 2019

Country

Colombia

Region

Latin America and the Caribbean

IFC Approval Date

Jun 13, 2016

Status

Completed

Estimated Total Budget

$195,125.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2021

Project Estimated Start Date

May 16, 2016

Project Estimated End Date

Dec 31, 2018

Project Description

The Project will assist the Government of Colombia through the Ministry of Trade, Industry and Tourism (MINcit) in formulating a new national investment policy framework conducive to enable private investment growth, diversification of FDI inflows, and investment retention given Colombia's current lack of a clear vision on how the country can attract, facililitate, retain and maximize the benefits of private investment, in particular the type of FDI that can contribute to diversify its exports, enhance its integraton to GVCs, and bring innovation and best practices. The main outcomes of the project will be an Investment Policy Action Plan by MinCIT announcing a new investment policy framework, and the establishment of a Systemic Investor Response Mechanism to assist the Government of Colombia to retain and expand investment.

Development Results

E&S Risks / Impacts and Mitigation