WASHINGTON — The Board of Executive Directors of the Inter-American Development Bank (IDB) approved a $149.25 million Results-Based Loan (RBL) and a $750,000 nonreimbursable investment grant to enhance Bogotá’s resilience and fiscal sustainability in Colombia.
The program will strengthen integrated solid waste management, improve public spaces, and increase locally generated revenue through cadastral modernization.
The operation will finance urban revitalization interventions in public spaces, the implementation of systems and services for the collection, treatment, and recovery of solid waste under a circular economy approach, and initiatives supporting waste pickers, including access to District service offerings and Temporary Collection and Sorting Centers.
The project will also optimize cadastral updating and maintenance processes, improve the geographic data of Bogotá’s Spatial Data Infrastructure (IDECA), and automate frequently used administrative procedures, among other activities.
The program will benefit approximately 520,000 households in intervention areas through urban revitalization efforts and 5,128 waste pickers through targeted affirmative actions. It will also improve the efficiency and quality of cadastral services for users and enable the recovery of more than 300,000 tons of waste from informal dumping sites.
Additionally, Bogotá’s residents as a whole will indirectly benefit from strengthened special waste collection services and improved fiscal management.
This is the second operation under the IDB for Cities and Regions initiative, which seeks to enhance the creditworthiness of subnational governments, including through stronger fiscal management, improved project execution capacity, and better delivery of public services and infrastructure. The first operation was approved for Cartagena de Indias in late 2025, with investments aimed at strengthening urban resilience and expanding drainage, water supply, and sanitation services.
The approval for Bogotá comes as the city hosts the IDB Mayors Forum 2026, which brings together local leaders from Latin America and the Caribbean to exchange experiences and promote solutions that advance more sustainable and resilient cities.
The $149.25 million loan has a repayment term of up to 14.5 years, a grace period of 3.5 years, and an interest rate based on market conditions.
About the IDB
The Inter-American Development Bank (IDB), a member of the IDB Group, is devoted to improving lives across Latin America and the Caribbean. Founded in 1959, the IDB works with the region’s public sector to design and enable impactful, innovative solutions for sustainable and inclusive development. Leveraging financing, technical expertise, and knowledge, it promotes growth and well-being in 26 countries.
Luis Alejandro Simon
Communications Sr Associate
Emerson Santiago Ayala Mendoza
Extlaffairs-Commun Consultant
Colombia and The IDB