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Colombia will improve its rural-urban cadastral system with IDB support

Colombia will improve land management through the implementation of a multipurpose cadastral with a $50 million loan approved by the Inter-American Development Bank (IDB).

The Multipurpose Cadastral (CM) is a tool that contains information on the physical, legal, and economic aspects of the properties. The program will include the institutional and technological strengthening of the responsible entities and will contribute to guarantee the legal security of the property, as well as to improve fiscal management, territorial planning and multisectoral public management.

The adoption of the CM is justified, both by the potential to increase the fiscal resources of the municipalities and improve public management, as well as by the economic benefits associated with the strengthening of property rights.

The program expects to increase the efficiency of the entities that make up the national land administration system (National Land Agency, Agustín Codazzi Geographic Institute, Superintendence of Notaries and Registry and National Planning Department), by strengthening their institutional capacity. It also plans to increase the efficiency of the National Cadastral System, through its modernization and the development and implementation of the Spatial Data Infrastructure for Land Administration and the effectiveness of the State in the use of cadastral information. This will be done through the implementation of the multipurpose cadastral in the territorial entities participating in the program.

Colombia has 32 departments, 1,101 municipalities and 20 non-municipal areas. Currently, they are no cadasters in 28% of the Colombian territory, and they are outdated in 52 percent of the country, which limits the use of cadastral information. Additionally, there are weaknesses related to the official registry of land tenure, a situation that affects the scope of the rights of the population with respect to the properties subject to tenure, in particular women in rural areas, indigenous populations and other minorities.

The program will contribute to the solution of the institutional and technological challenges of the entities involved in land administration, as well as to reduce the coverage and outdated deficits of the cadastres at the territorial level.

The direct beneficiaries of the program will be the owners of real estate, who will have greater legal certainty over the ownership of their land; women, indigenous populations and other minorities who will benefit from the recognition of their property rights; and municipal governments that may have updated cadastral information for the collection of property tax. At the same time, they will have the necessary cartography to improve their territorial planning. Additionally, the CM will benefit the general public as it will be able to carry out real estate transactions with greater security and at a lower cost, since it will be able to access information and cadastral services online.

The IDB loan has a repayment term of 25 years, a grace period of five and a half years and an interest rate based on LIBOR.

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The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region. 



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Huáscar Eguino

Huáscar Eguino
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