Development of a Business Formalization Program in Colombia
The objective of the project is to help increase local economic development and competitiveness of Colombian regions, by supporting the formalization of informal business units and strengthening the micro and small businesses that become formal. The purpose is to support the design and implementation of an integral and replicable model of business formalization and development, that can be adapted to the needs of micro and small businesses by having different modules.
Central to the project are reforms that promote the mainstreaming of micro-businesses that are currently in the informal sector, by simplifying sector-specific procedures, overcoming bottlenecks to doing business and providing advice and guidance during the process of formalization.

Project Detail

Country

Colombia

Project Number

CO-M1059

Approval Date

November 28, 2011

Project Status

Closed

Project Type

Technical Cooperation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

PRIVATE FIRMS AND SME DEVELOPMENT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

Category C: Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 2,660,000.00

Country Counterpart Financing

USD 1,665,000.00

Original Amount Approved

USD 995,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-13041-CO Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-13041-CO
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable

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 Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-413276459-32239
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-13041-CO [40690214].PDF
Sep. 30, 2016
English
https://www.iadb.org/document.cfm?id=EZSHARE-413276459-32237
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-13041-CO [39866848].PDF
Sep. 22, 2015
English
https://www.iadb.org/document.cfm?id=EZSHARE-413276459-32236
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-13041-CO [39492854].PDF
Mar. 19, 2015
English
https://www.iadb.org/document.cfm?id=EZSHARE-413276459-32235
Project Performance Monitoring Reports
FOMIN_ Reporte de estado del proyecto ATN_ME-13041-CO [39053314].PDF
Sep. 15, 2014
English
https://www.iadb.org/document.cfm?id=EZSHARE-413276459-32234
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-13041-CO [38827434].PDF
May. 06, 2015
English
https://www.iadb.org/document.cfm?id=EZSHARE-413276459-32233
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-13041-CO [38047596].PDF
Sep. 10, 2013
English
https://www.iadb.org/document.cfm?id=EZSHARE-1983553961-31598
Technical Cooperation Agreement
Business Formalization Model for Regional Competitiveness in Colombia [36450768].PDF
Aug. 04, 2014
English
https://www.iadb.org/document.cfm?id=EZSHARE-1983553961-31597
Technical Cooperation Agreement
Modelo de Formalización Empresarial para la Competitividad Regional en Colombia [36450737].PDF
Aug. 04, 2014
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1784977056-5
Project Performance Monitoring Reports
MIF Project Status Report-6-2017-ATN_ME-13041-CO - Rep6544.pdf
Oct. 30, 2017
English
https://www.iadb.org/document.cfm?id=EZSHARE-1784977056-6
Project Performance Monitoring Reports
MIF Project Status Report-12-2017-ATN_ME-13041-CO - Rep6903.pdf
Oct. 23, 2018
English

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