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Colombia - Financial Markets Development Technical Assistance Project, Financial Sector Adjustment Loan, and First and Second Programmatic Financial Sector Adjustment Loan Projects (English)

In regard to project performance assessment ratings, the Financial Markets Development Technical Assistance Project of Colombia had the following ratings: outcome was moderately satisfactory; sustainability was likely; institutional development impact was modest; Bank performance was moderately unsatisfactory; and borrower performance was moderately satisfactory. The Financial Sector Adjustment Loan had the following ratings: outcome was satisfactory; sustainability was likely; institutional development impact was substantial; Bank performance was moderately unsatisfactory; and borrower performance was satisfactory. The First Programmatic Financial Sector Adjustment Loan Project had the following ratings: outcome was satisfactory; sustainability was likely; institutional development impact was substantial; Bank performance was satisfactory; and borrower performance was satisfactory. Finally, the Second Programmatic Financial Sector Adjustment Loan Project had the following ratings: outcome was moderately satisfactory; sustainability was likely; institutional development impact was substantial; Bank performance was satisfactory; and borrower performance was satisfactory. Lessons learned from this assessment included: accurate, up-to-date sector information and analytical knowledge is critical for an adequate support to the financial sector; agility and quick reaction to crises requires adequate technical resources and streamlined decision-making; agility, flexibility, and openness to change are also crucial during implementation of a project or program; exploiting the synergies among different Bank instruments is crucial; and a programmatic approach to financial sector reforms is likely to require a time horizon of several years to allow for policy and institutional reforms to be translated into outcomes and results.

Details

  • Document Date

    2007/06/26

  • Document Type

    Project Performance Assessment Report

  • Report Number

    40139

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Colombia,

  • Region

    Latin America & Caribbean,

  • Disclosure Date

    2007/08/09

  • Disclosure Status

    Disclosed

  • Doc Name

    Colombia - Financial Markets Development Technical Assistance Project, Financial Sector Adjustment Loan, and First and Second Programmatic Financial Sector Adjustment Loan Projects

  • Keywords

    Financial Sector;Country Assistance Strategies;country assistance strategy;interest rates on loan;clearance and settlement system;debt outstanding and disbursed;early stages of preparation;access to tertiary education;current account deficit;financial crisis;fiscal deficit;financial sector crisis;quality at entry;private capital market;public sector securities;Portfolio at Risk;public sector bank;financial sector policy;financial transaction tax;public sector finance;exchange rate band;local capital market;preferential interest rate;international financial institution;financial sector adjustment;social security reform;international capital market;financial sector supervision;issuance of bond;public sector efficiency;financial sector reform;public pension liability;interest rate risk;financial sector soundness;privatization of banks;technical assistance loan;international rating agency;international credit rating;financial market crisis;financial sector risk;quality of preparation;capital market development;system Financial;lower interest rate;peer review process;foreign capital inflow;standard of living;high oil price;social security system;deposit guarantee fund;pension fund system;risk and vulnerability;good financial management;public sector expenditure;promotion of competition;increase in expenditure;domestic interest rate;domestic financial sector;project costing;banking sector;Banking Supervision;monitoring indicator;pension liabilities;borrower performance;housing finance;external factor;money laundering;effective supervision;public bank;adjustment lending;

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Citation

Colombia - Financial Markets Development Technical Assistance Project, Financial Sector Adjustment Loan, and First and Second Programmatic Financial Sector Adjustment Loan Projects (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/329281468262790327/Colombia-Financial-Markets-Development-Technical-Assistance-Project-Financial-Sector-Adjustment-Loan-and-First-and-Second-Programmatic-Financial-Sector-Adjustment-Loan-Projects