Technical Assistance for Government Debt & Infrastructure Finance - Colombia 02 (IFT)

This project aims to strengthen the institutional Capacity of Colombia's Public Private Partnership (PPP) Office within the Credito Publico at the Ministry of Finance (Hacienda).

The objectives of the project are to: Improve policies and guidelines (internal and external) for fiscal risk allocation, guarantees and other related contractual obligations in PPP Contracts spanning all sectors; develop guidelines and best practices for the valuation of contingent liabilities of PPPs, both development of methodologies for new sectors, and review and improve the current methodologies for traditional sectors; Support the training and professional development of the new PPP office staff and develop the organizational structure of the office; Review and recommend improvements to the existing PPP regulations in light of global best practices; Support government institutions at various levels that have limited experience with PPPs and; Develop databases and other tools to improve the quality of data used to calculate risk and the ongoing monitoring and evaluation of projects.

The target timeframe is 3-4-years provided the appropriate level of capacity is in place.