He Development Bank of Latin America and the Caribbean (CAF) presents its new strategy to continue supporting the public and private sectors of Colombia for the next four years.

The strategy is aligned with the National Development Plan 2022-2026 and an agenda thathelp the country get out of the middle income trap already takes advantage of its competitive advantages in environmental, agricultural and human talent terms».

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We are also going to make available all our experience in telemedicine

is rural development for sustainability and inclusion It is proposed to work on the strengthening of intra- and inter-regional ties, promote the role of cities as energizers of the territory, and work for comprehensive border management in order to promote commercial, productive, and social integration.

Meanwhile, the commitment to equity aims to contribute to closing gaps in the quality of life of the populationprovide more and better opportunities and promote the growth of capacities in the populations with the greatest inequalities through the formation of human capital, the contribution to the generation of quality employment and the improvement of coverage and quality of health.

«We are going to put all our efforts to support the PND based on our educational structure for the primary and university sector. We are also going to make available all our experience in telemedicine”, said Rodrigo Peñailillo, CAF representative in Colombia.

In addition, it highlights that in the PND «there is a great emphasis on closing gaps in the sectors furthest away from large urban centers, which for various reasons the State has not come up with all public policies in an integral way.»

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Rodrigo Peñailillo, CAF representative in Colombia

Latin America has the need to change its energy matrix and Colombia is no stranger to that

The pillar of sustainable productive transformation focuses on strengthening physical connectivity and logistics functionality, developing the capacities of the private sector as a means to achieve the Sustainable Development Goals and favoring the energy transition and climate resilience.

«Latin America has the need to change its energy matrix and Colombia is no stranger to that, therefore, CAF is supporting this change. This is something that is here to stay and multilateral banks have to provide financial resources to make it a reality as soon as possible,» Peñailillo said.

Regarding institutional strengthening and modernization, the CAF representative assured that the national and local governments require technical and financial support from the entity, in addition to it is necessary to improve collection and tax culture in order to have more resources and improve public policies.

Work should also be done to strengthen health and education services so that there is more timely and efficient care. «This requires support for modernization, especially in the digital area, and we are very interested in being present,» she added.

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Much needed national, regional and local governments
more efficient

To achieve these goals, the bank will finance high-quality investment programs and projects and scale that are traceable and evaluable in terms of their actual impact, and that are complemented by technical support to ensure sound formulation and effective implementation.

«There will be technical cooperation to modernize certain services and areas of the administration. There will also be direct financing lines to potentiate certain areas of development in the Government or the private sector,» Rodrigo Peñailillo points out.

Today, CAF has a portfolio of more than 3,800 million dollars, but the idea of ​​the entity is that this amount can be increased and diversified in an important way in the coming years so that the resources are present in rural areas and in the sustainable productive transformation. Likewise, to allow closing gaps in education and health.

«To make this faster, more efficient and closer to people, much more efficient national, regional and local governments are required and to provide better services,» he said.