Making the Most of Public Investment in Colombia

Working Effectively across Levels of Government

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This study examines the multi-level governance framework for public investment in Colombia. It provides a diagnosis of the strengths and challenges of the Colombian system and includes comparative data and a set of benchmarks to promote exchange of good practices and promote learning. It makes recommendations for how to further improve the system, make more effective use of existing resources and catch up to OECD countries in terms of infrastructure development . The review also suggests a set of indicators against which Colombia can measure its progress.



Financing subnational investment in Colombia

Subnational governments have been playing an increasing role in public investment since the decentralisation and royalties reforms. Colombia has significantly improved its overall framework conditions for public investment over the past two decades. Jointly with these efforts to strengthen fiscal stability, Colombia has made significant efforts to promote the allocation of national resources for investment in a more inclusive way. However, challenges linked to fiscal disparities across territories remain high. In addition, because of constraints on revenue, subnational governments have little autonomy regarding how and where to invest. This chapter focuses on the financing system for subnational investment and ways to strengthen it. It is thus particularly connected to the third pillar of the OECD Recommendation of the Council on Effective Public Investment.


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