Colombia

Colombia is on its way to becoming the third-largest economy in Latin America. But despite its undeniable vitality, the country must deal with huge challenges. To provide support, AFD is focusing on three objectives: local sustainable development, policies to mitigate and adapt to climate change, and social cohesion.
Tramvia from Medellín, Colombia
AFD AND COLOMBIA FIGHTING INEQUALITY AND CLIMATE CHANGE
Tramvia from Medellín, Colombia

Promoting green growth

Reducing inequality

Improving social inclusion

Colombia's distinctive characteristic is its diversity, in both its natural heritage and its social reality. The country's challenge is to succeed, in the coming years, in reducing its social inequality and in boosting equitable development for all regions. Likewise, taking climate change into account in public policies is one of the prerequisites for Colombia's membership in the OECD.

With a total of 2 billion dollars committed since its arrival in the country in 2010, France is one of the foremost bilateral donors in Colombia. AFD grants loans to the Colombian Government as support to national public policies (decentralization, social protection, climate and territorial development). It grants direct financing, without state guarantees, to local authorities, public-service enterprises and financial institutions. These loans are accompanied by technical assistance and from delegated resources from the European Commission (Latin America Investment Facility).

In 2016, the French and Colombian presidents signed a roadmap that creates a framework for AFD intervention in the upcoming years. The roadmap outlines two priorities:

  1. support for implementing the peace agreements
  2. complementarity between the financing of investments and the financing of Government policies
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  • Climate
  • Peace and Justice

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  • Budget support

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