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Colombia - Regulatory Reform Technical Assistance Loan Project (English)

Ratings convey a satisfactory project outcome, likely sustainability, and substantial institutional development impacts, achieved through satisfactory performances by both the Bank and Borrower. Lessons relating to policy issues indicate private sector participation in infrastructure is not a goal on its own, but rather an effective tool to increase the quantity, and improve the quality of infrastructure and public services. It is further highlighted that private sector participation and an efficient sector operation are better achieved when there is a clear platform of appropriate regulatory, and competition framework. Lessons related to project design issues, stipulate a demand-based technical assistance project, covering many sectors and cross-sectoral issues is a preferred option over a design with predefined activities. In this case, it provided flexibility to accommodate priorities within the defined criteria. This flexible design was essential to facilitating the transition between administrations. As for lessons relating to implementation issues, it is suggested the learning process promoted by this technical assistance loan improved institutional capacity among National Government agencies, several municipal governments, and, investment banking firms and consulting firms are also familiar with these privatization procedures. This resulted in shorter periods for awarding concessions, smoother processes, lower costs in structuring projects, and overall better rules for private participation.

Details

  • Document Date

    2005/02/28

  • Document Type

    Implementation Completion and Results Report

  • Report Number

    31445

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Colombia,

  • Region

    Latin America & Caribbean,

  • Disclosure Date

    2010/07/01

  • Doc Name

    Colombia - Regulatory Reform Technical Assistance Loan Project

  • Keywords

    economic and social policy;private sector participation in infrastructure;provision of infrastructure service;private participation in infrastructure;private participation in infrastructure service;financial and private sector development;Finance, Private Sector &Infrastructure;private investment;infrastructure sector;quality of infrastructure;competition in infrastructure sectors;economic developments in infrastructure;legal and regulatory framework;private investment in airport;Regulation and Competition Policy;long distance telephone service;quality of water supply;private investment in infrastructure;competitive wholesale power market;quality of power supply;reduction in transaction cost;contingent liabilities;contingent liability;quality at entry;institutional development impact;infrastructure service provision;technical assistance program;urban transport sector;principal performance ratings;standards for service;quality and quantity;competitive market structure;concession or privatization;power transmission network;medium term plan;procurement and disbursement;power generation capacity;technical assistance service;international long distance;investment in technology;public service award;wholesale electricity market;transport toll road;operation of infrastructure;urban bus service;distribution of risk;urban transport service;large urban centers;management of infrastructure;management infrastructure;provision of service;government's development priorities;seminars and workshops;Country Assistance Strategies;technical assistance loan;ratings of bank;promotion of competition;country assistance strategy;outputs by components;long distance operator;provision of good;Solid Waste Management;waste water treatment;long maturity period;water and sewerage;electricity and gas;Long Distance Call;management and administration;form of share;water sector;borrower performance;institutional strengthening;learning process;private operator;environmental license;participation process;financial structure;water utilities;water utility;environmental regulation;small investor;government control;economic crisis;environmental procedures;concession award;municipal government;short period;technical expertise;municipal utility;infrastructure financing;contingency fund;telecommunications sector;fiscal situation;counterpart fund;service coverage;parallel financing;government strategy;budget allocation;fiscal impact;regulatory issue;foster competition;modernization program;government's capacity;fiscal burden;investment grade;Public Services;public policy;specific issue;privatization procedure;Port Services;telephone access;utility sector;Environmental Assessment;contingency factor;remote location;telephone company;minimizing risk;system design;infrastructure regulation;contract activity;competition framework;operational process;urban program;mobile service;municipal authority;sanitation water;government ownership;competitive environment;Basic Sanitation;bank restructuring;legal framework;government units;market competition;deal structuring;public company;active participation;resource transfer;project operation;increase productivity;consultancy service;Exchange Rates;management strategy;private energy;public roles;government resource;environmental aspect;private management;colombian peso;multilateral bank;program finance;operational management;short term consultant;financial aspect;potable water;environmental control;administrative capacity;domestic demand;Economic Policy;important policy;introducing competition;Consulting services;central administration;Gas Distribution;regulatory incentive;cellular operator;energy price;regulatory norms;tariff structure;electricity coverage;telecommunication service;risk analysis;lp gas;fund activity;direct participation;eligibility criterion;financial problem;price reform;small cities;policy tool;financial obligation;legal institution;Transport Law;market economy;transit capacity;electricity law;multilateral fund

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Citation

Colombia - Regulatory Reform Technical Assistance Loan Project (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/669071468746698642/Colombia-Regulatory-Reform-Technical-Assistance-Loan-Project