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CO-T1474 : Strengthening Colombia's Pensions System

Project Status: Closed

This technical cooperation will support the efforts to strenghten the managment of social security in Colombia, by improving diagnoses and designing improvement strategies. Specifically, it aims at: (i) support to modernize information on labor histories; (ii) support to strengthen supervision and enforcement of social security contributions. This will be achieved by, first, supporting agencies in the identification of institutional adjustments that improve responsibility assignment and standarize the production and exchange of data. Second, the TC will support agencies in building diagnoses about the quality and opportunity of data and roadmaps to digitalize and adjust information flows. Also, it will support agencies in the identification of the costs and advantages of adopting new technologies like blockchain. This is a promising technology that can improve social security management, since it increases safety, facilitates decentralization and can incorporate smart contracts that guarantee the adequate compliance of existing regulations. Also, it allows users to track their contributions in the long run, providing them with a legitimate compilation of their contribution histories by the time they retire.

Project Detail

Project Number
CO-T1474
Project Country
Colombia
Project Sector
SOCIAL INVESTMENT
Project Subsector
PENSIONS & SOCIAL SECURITY
Project Type
Technical Cooperation
Project Lending Type
SG
Project Modality
Project Facility Type
Environmental and social impact category
C
Project Status
Closed
Operation Number
ATN/OC-16824-CO

Financial Information

Project Number
CO-T1474
Project Status
Closed

IDB Financing

Financing type
TCN
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Nov/25/2022

Roles & Responsibilities

Contract signature date
Jul/24/2018

Project Information

Total Cost
USD 200,000
Country counterpart financing
USD 0
Amount
USD 200,000

Preparation

Title
Type
Project Number
Date Published
TC Abstract
CO-T1474
May 18, 2018

Approved

Title
Type
Project Number
Date Published
TC Document
CO-T1474
August 28, 2018
TC Document
CO-T1474
August 28, 2018
TC Document
CO-T1474
August 28, 2018
TC Document
CO-T1474
August 28, 2018
TC Document
CO-T1474
August 28, 2018
TC Document
CO-T1474
August 28, 2018
TC Document
CO-T1474
August 28, 2018

Implementation

Title
Type
Project Number
Date Published