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"Developing a Strategic Investment Portfolio in the Caribbean Region ¨C Colombia ."


  • SOLICITATION NUMBER: 0002015986
  • INSTITUTION:  IBRD/IDA , IFC , MIGA , ICSID
  • ASSIGNMENT LOCATION: Colombia
  • ISSUE DATE AND TIME: May 08,2025 16:07
  • CLOSING DATE AND TIME: May 22,2025 23:59

Colombia has made important strides in poverty reduction over the past two decades. However; territorial disparities in access to basic services; infrastructure; and economic opportunities remain significant; particularly in historically lagging regions such as the Caribbean. The Caribbean region encompasses a diverse mix of urban; peri-urban; and rural municipalities; many of which experience overlapping vulnerabilities. Departments such as La Guajira; Magdalena; Sucre; C¨®rdoba; and Cesar continue to face structural deficits in infrastructure; service delivery; and fiscal capacity; limiting their potential for inclusive and sustainable development. Despite notable investments in social and infrastructure programs; these areas often exhibit slower poverty reduction and lower socioeconomic mobility compared to national averages. Recent evidence from the ÐÓ°ÉÂÛ̳¡¯s Poverty and Equity Assessment ¡ª Trajectories: Prosperity and Poverty Reduction in the Colombian Territory ¡ª highlights the structural nature of these disparities. The report identifies persistent gaps in the accumulation of productive assets¡ªincluding land tenure; housing; and physical infrastructure¡ªacross population groups and territories. These disparities constrain income-generating capacity and reinforce patterns of low social mobility. In many cases; entire municipalities exhibit limited access to state services; weak institutional presence; and poor connectivity to economic hubs. These dynamics are especially pronounced in municipalities with high proportions of Afro-Colombian; Indigenous; and displaced populations. Addressing these structural challenges requires a strategic approach to regional investment that moves beyond isolated and siloed interventions. A spatially differentiated and asset-based investment strategy is needed¡ªone that prioritizes enabling infrastructure and public service delivery to unlock multisectoral synergies and enhance productivity in the Caribbean region. This strategy must also include pathways for institutional strengthening; tailored to the specific capacity and governance constraints of local governments. Building on the existing financing and operational framework of the Plan Todos Somos PAZc¨ªfico (PTSP) the ÐÓ°ÉÂÛ̳ seeks to deepen and scale up its infrastructure investment agenda in the Caribbean Region. The PTSP; through its standalone trust fund (FTSP); has mobilized  financing to improve waterway connectivity; water and sanitation service provision; and institutional capacity in selected municipalities of the Pacific region. These efforts and the lessons learned from the FTSP; provide a foundation for a broader territorial infrastructure investment approach. This consultancy will focus exclusively on the Caribbean region. The initiative aims to leverage the operational experience and financing instruments of the FTSP to inform the design of a territorial infrastructure investment strategy tailored to the Caribbean¡¯s unique challenges and opportunities. This effort will contribute to improving quality of life; reducing poverty; promoting shared prosperity; and expanding access to opportunities and jobs across Colombia¡¯s Caribbean region.

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