Colombia

Colombia, located in the northwest corner of South America, is a topographically diverse country with a 3,208-kilometer (km) coastline along both the Pacific Ocean and the Caribbean Sea. It is bordered by Venezuela, Brazil, Ecuador, Peru, and Panama. Colombia is vulnerable to landslides and significant flooding, due to increased surface runoff from snowmelt and extreme rainfall. In coastal areas, rising seas leading to increased storm surges and hurricanes have resulted in flooding. Droughts have also become increasingly common.

POPULATION:

50.88 Million (2020)

CO₂ EMISSIONS PER CAPITA:

1.6 CO₂ metric tons (2018)

SOURCE:

World Bank

Colombia's investment plan as part of CIF's Renewable Energy Integration investment program was approved in 2023.

Past CIF investments in Colombia are through its Clean Technology Fund (CTF). In line with its national development strategies to accelerate economic development while reducing greenhouse gas emissions, Colombia’s $92-million CTF investment plan aims to derisk investments in low-carbon urban transport, energy efficiency across various industries, and nascent renewable energy markets that move away from climate-dependent hydropower.

In particular, CTF financing supported the purchase of a pilot fleet of clean technology buses in Bogota, as well as other public transport upgrades in seven Colombian metropolitan areas. It is also helping to scale up access to finance for energy efficiency and clean production projects by encouraging financial institutions to develop lending programs for private companies.

Through the CIF-TAF, there was close to $ 500,00 programmed for technical assistance activities in 2021. The funding covered an array of topics such as developing policies and regulations to enable green hydrogen investments, encouraging sustainable growth and resilience through private participation schemes in infrastructure sector, and supporting green and resilient recovery from Covid-19 by accelerating the shift to e-mobility.

COLOMBIA (REI) INVESTMENT PLAN

CTF INVESTMENT PLAN FOR COLOMBIA (REVISIED)

CTF INVESTMENT PLAN FOR COLOMBIA

NO. OF CIF-APPROVED PROJECTS

CIF APPROVED FUNDING

$86.26M

Expected Co-financing

$730.27M

Sources of Expected Co-financing

MDB

57.45% (419.57M)

Private Sector

42.55% (310.7M)

Source	Data
MDB	57.45% (419.57M)
Private Sector	42.55% (310.7M)

Data as of December 31, 2023

For latest MDB and Government Focal point, please contact CIF Secretariat @ cifsecretariat@cif.org

Country Snapshot

CTF

4431

COUNTRY MISSIONS

Scoping Mission: April 21-23, 2009
Notification to TFC Members
Joint Mission: November 30 - December 4, 2009
Terms of Reference
Joint Mission: February 11-12, 2013

4625

INVESTMENT PLAN

Colombia's Revised CTF Investment Plan (2017)
Approved on March 16, 2017 (Approval Notification)
Proposed Decision (February 17, 2017)
Revised Proposed Decision (March 9, 2017)
Approval by mail: CTF Colombia Project Preparation Grant : Development of an ESCO Market and the Relative Insurance Instruments for SMEs in the Service Sector - ppg request
Preparation grant proposals
Approval by Mail: CTF Colombia: Project Preparation Grant: Bancoldex Energy Efficiency Financing Program (IDB) - ppg
Preparation grant proposals Project documents

REI

16546

INVESTMENT PLAN