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Colombia - Third Disaster Risk Management Development Policy Loan (English)

The development objectives of the Third Disaster Risk Management Development Policy Loan in Colombia intend to strengthen the Government of Colombia’s program to manage risk resulting from adverse natural events, including disease outbreaks. It supports additional reforms in three policy areas: (a) promoting the further development of disaster risk management (DRM) and climate change policies; (b) strengthening the country’s fiscal resilience to disaster, climate and public health risks; and (c) promoting sectoral and subnational co-responsibility in DRM and climate change adaptation. The program will deepen policy reforms by: (a) promoting co-responsibility across sectors, territories and government levels and entities; and (b) expanding disaster risk financing at the national, subnational and sectoral levels, as a key component of contingent liability management and consequently of fiscal management. The operation will also define and develop public policy actions to address climate variability; mitigate climate change by controlling deforestation and promoting the sustainable use of forestry resources; and contribute to mainstreaming disaster and climate risk in the development and operation of multimodal transport and housing infrastructure. Critically, in the context of the COVID-19 crisis and other public health threats driven by climate change, the program supports the formulation of a new Ten-Year Public Health Plan, to be incorporated into disaster planning and informed by lessons learned during the pandemic.


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    Program Document

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    Latin America & Caribbean,

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  • Doc Name

    Colombia - Third Disaster Risk Management Development Policy Loan

  • Keywords

    Swiss State Secretariat for Economic Affairs; value-added tax; economic and social policy; mosquito-borne disease; lack of access to education; disaster and climate risk management; public health risk; Water Resource Management; Grievance Redress Service; access to bank account; Damage and Loss Assessment; Senior Financial Management Specialist; sustainable use of forestry; legal and regulatory framework; corporate income tax rate; Adaptation to Climate Change; contribution to climate change; Climate Adaptation and Mitigation; poverty and social impact; liquidity need; gross fixed capital formation; female labor force participation; land use plan; Policy and Institutional Framework; national planning department; infrastructure and service delivery; current account deficit; disaster risk financing; climate change adaptation; disaster risk management; fiscal rule; exchange rate; Exchange Rates; macroeconomic policy framework; land use planning; Climate Change Policy; inadequate water supply; import of goods; senior procurement specialist; foreign direct investment; flow of remittance; wage subsidy program; export of goods; standard of living; long-term climate change; central government fiscal; loss of ecosystems; million people; land use management; natural resource economist; large urban centers; impact of climate; public health system; health sector planning; damage to infrastructure; Contingent Liability Management; take time; legally binding instruments; Capital Adequacy Ratio; commodity supply chain; reduction in poverty; climate change planning; members of parliament; public policy action; proportion of female; public health threat; credit rating agencies; vector-borne disease; summary of risks; sea level rise; adolescent birth rate; access to shelter; average global temperature; credit rating agency; maternal mortality ratio; Disaster Risk Reduction; emerging market bond; climate change scenario; burden on woman; net foreign purchases; subnational levels



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Colombia - Third Disaster Risk Management Development Policy Loan (English). Washington, D.C. : World Bank Group