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Project Detail

CO-L1094 : Program to Promote Outsourced Services

Project Description

It is clear that Colombia has important advantages to develop in the global services industry. However it requires a major effort to position itself internationally as a center of excellence that allows consistently to attract more and better investments, and to develop their services export. To this end, the program will implement a comprehensive, focused, following decentralization and sector criteria that seek to promote job creation and increased investment and exports in the service sector. In this way, the program will implement actions to improve the quality of human capital, strengthening the business skills of SMEs in global services and update the regulatory framework.

Procurement Information

News Release: Dec 14, 2012 - Colombia to promote its offshoring services industry with IDB assistance

Project at a glance

Project Number
Project Status
IDB Financing*
Environmental and Social Impact Category

Project Status

Project Status

Latest Project Documents

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* For active and closed projects, the IDB financing at Board approval is shown in US$ millions. This does not reflect any cancellations. For projects in Preparation the amount shown is the Estimated IDB Financing. Approved projects shows either Estimated IDB Financing or Historic Approved amount. The IDB financing for projects in the pipeline is indicative and may be modified during the project preparation.

CO-L1094 : Program to Promote Outsourced Services

Basic Information

Project Number CO-L1094
Operation Number 2886/OC-CO
Country Colombia
Sector TRADE
Project Type Loan Operation
Project Subtype Specific Investment Operation
Environmental and Social Impact Category C
Project Status Implementation
Approval Date DEC 12, 2012
Contract Signature Date MAY 30, 2013

CO-L1094 : Program to Promote Outsourced Services

Financial Information

Total Cost - Historic USD 12,000,000

IDB Financing

   Financing Type FFF
   Fund Ordinary Capital
   Reporting currency USD - United States Dollar
   Reporting Date JAN 31, 2015
   Estimated Cofinancing - Historic USD 12,000,000
   Cancelled Amount - Historic USD 0
   Undisbursed Amount - Historic USD 11,398,710
   Disbursed to Date - Revalued USD 601,290
   Repayments - Revalued USD 0
   Principal Debt Relief Amount - Revalued USD 0
   Amount Outstanding - Revalued USD 601,290
   Income Collected - Revalued USD 46,825

Roles & Responsibilities

Borrower Republica De Colombia

CO-L1094 : Program to Promote Outsourced Services

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CO-L1094 : Program to Promote Outsourced Services

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