The general objective of the project is to promote a more efficient and transparent relationship between enterprises, the government, and private entities that deliver services related to registration and formalization. The project seeks to achieve the following specific objectives: (i) to streamline legal requirements, steps, and formalities and reduce processing periods for entrepreneurs formalizing their productive activities; (ii) to set up business service centers [Centros de Atención Empresarial] (CAEs) in six Colombian cities (Bogotá, Barranquilla, Bucaramanga, Cali, Cartagena, and Medellín); (iii) to expedite the process by which informal sector enterprises are brought into the formal business sector; and (iv) to improve entrepreneurs' access to information on the procedures that need to be followed. To fulfill its proposed objectives, the program provides for the following two components, the activities of which are to be carried out sequentially: (1) design of the CAE, including legal and institutional mapping, proposal for streamlining procedures, validation of proposals, initial simplification activities through management agreements, and design of action plans for implementation; and (2) implementation of the CAEs. The first component is to be carried out simultaneously in the six cities, while the second will be implemented in accordance with the scheduling that the city halls and chambers of commerce establish for each city. A third component would involve project administration.
Project Detail
Country
Colombia
Project Number
TC9905047
Approval Date
October 25, 2000
Project Status
Closed
Project Type
Technical Cooperation
Sector
PRIVATE FIRMS AND SME DEVELOPMENT
Subsector
PRIVATE FIRMS AND SME DEVELOPMENT
Lending Instrument
Multilateral Investment Fund Instrument
Lending Instrument Code
MIF
Modality
-
Facility Type
-
Environmental and Social Impact Category (ESIC)
-
Total Cost
USD 3,100,000.00
Country Counterpart Financing
USD 1,200,000.00
Original Amount Approved
USD 1,900,000.00