Projects

The EU is mobilising resources through LACIF, IDB and AECID to respond to the challenges faced by Colombia's General System of Social Security, which include factors such as the ageing population, chronic diseases and high-cost treatments and other specific factors that threaten its financial stability. These factors range from limited funding in a context of increasing demand for new affiliates and expensive technology, to a fragmented service model with deficiencies in primary care services, health promotion and disease prevention programming; and the recent waves of Venezuelan migrants without health insurance, who receive expensive emergency medical care.

The project supports the Government of Colombia in improving the country’s institutional capacities in health planning and management at the territorial level. It also serves to better the health outcomes of migrants and host communities by increasing the coverage of affiliation to the SGSSS and improving the country’...

LAGREEN is the first green bonds fund dedicated to Latin America. Its main purpose is twofold: to finance climate- and resource-friendly investments and to mobilise local and international private capital towards the issuance of more green bonds in Latin America.

LACIF is partnering with KfW to achieve the following objectives:

• to mobilise additional funding for Nationally Determined Contributions (NDC) implementation;
• to push local capital market development towards a transition to sustainable finance – thereby fostering transparency and long-term commitments in financial and economic activity;
• to reach a substantial greenhouse gas emissions mitigation and/or climate change adaption impact.

The TIF Program has a three-pillar framework (financial, social and environmental, known as Triple Bottom Line) and a twofold objective: downscaling financial services -being more inclusive and tackling the bottom of the pyramid- and promoting climate-smart finance. 

The TIF Program, led by COFIDES, aims at bringing together the tools, actors and financing necessary to improve access to finance for low-income populations whilst reducing climate risk and vulnerability, especially in the case of smallholder farmers. More specifically, this initiative seeks to reduce climate risk in lending portfolios of Financial Service Providers and scaling up climate-smart lending, especially to urban and rural micro, medium and small-sized enterprises with no or limited access to the formal financial sector, including also small to medium and smallholder farmers.

TIF provides support to Financial Service Providers serving MSMEs through the provision of long-term loans (Debt Facili...

The project was meant to be a pilot operation of European cooperation to support the peace process in Colombia through a common initiative led by AFD to boost investment in post-conflict municipalities.

The operation was the result of discussions with the Colombian Financial Corporation for the Territorial Development S.A (FINDETER) and the experience accumulated through the first LACIF program with FINDETER I. The operation was meant to offer a credit facility to finance territorial development in post-conflict areas. The programme should have provided technical assistance and investments in priority areas selected by the Colombian government through the local Development Programs with a Territorial Focus (PDET - Programas de Desarrollo con Enfoque Territorial). However, AFD and Findeter were not in capacity to implement any activities as the COVID crisis became a priority for the Colombian Government.

LACIF and AFD assist the Government of Colombia in its policy shift to a more social and greener economy in order to improve the revenues and livelihoods of the population, notably in the Orinoquia basin and more generally in Colombia, while reducing their vulnerability and mitigating their contribution to climate change. The project supports the “Green Growth” strategy, which strengthens the capacities of local authorities and stakeholders in the Departments of Meta and Vichada in the formulation and development of their planning instruments to develop investments, always taking into account climate change impacts and mitigation opportunities. It also promotes investment in "climate-smart" activities in farming and forestry through adapted land-use management.

The Geothermal Development Facility for Latin America aims at overcoming existing barriers to the development of geothermal energy by providing: (i) a tailored Geothermal Risk Mitigation Fund in order to diminish geothermal resource risk during the exploratory drilling stage of the project; (ii) geothermal investment financing windows to deliver anchor financing for subsequent investments during the production drilling and construction stages; and (iii) a Technical Assistance Forum to offer a suitable venue for policy dialogue between donors and partner governments. The project is led by KfW and counts with the support from the European Union through LACIF, and from BMZ.

LACIF, AFD and CAF supported the development of the Colombian National Policy for the Integrated Management of Water Resources, especially by monitoring the implementation of its 'Hydrological Plan for the 2014 Horizon' and thorugh direct investments in the water sector. Moreover, the project contributed to the protection of the environment, through the improvement of the quality of water resources; and it also increased the water supply, reducing conflicts related to water among the local population.

This was an initiative led by KfW and CAF to support sustainable and climate-friendly development and transformation of defined sectors in Latin America through the implementation of performance-based greenhouse gas mitigation activities. The Performace Based Climate Finance Facility was aimed at implementing pilot schemes that led to monitored and verified CO2 equivalent emission reductions and contributed to the overall objective of limiting global warming; designing innovative incentive schemes for sector reform which were linked to achieved emission reductions (performance-based approach); supporting development of showcases for the definition of sector/sub-sector baselines and implementation of robust MRV (monitoring/reporting/verification) systems; supporting the creation of suitable institutional set-ups for the implementation of performance-based sectoral approaches and building the capacities needed within participating institutions for the implementation of mitigation acti...