Over the last five decades, Colombia has made substantial progress in protecting its environment. This includes restructuring its legal and regulatory landscape, undertaking policy initiatives, and strengthening its capacity for protecting and managing its natural resources and environmental...

This report identifies and assesses relevant physical and transition risks with focus on the banking sector. Banks constitute the largest segment of the Colombian financial sector with asset holdings of Colombian peso (Col dollars) 720 trillion (US209 billion dollars or 78 percent of gross...

Government initiatives to reduce the housing deficit in Colombia go back more than a hundred years, but it was only after the creation of the Ministry of Housing as an independent agency, a decade ago, that national housing policy took on the relevance that it has today. Since then, Colombia has...

State-owned financial institutions (SOFIs) and broader interventions by the state need to play a more prominent role in supporting financial inclusion, green activities and fostering competition among private financial providers. While SOFIs have been generally perceived as complementary to the...

Over the past twenty years, fiscal policy has become one of the three pillars of macroeconomic stability for Colombia, the other two being the flexible exchange rate and inflation targeting. The credibility and sustainability of fiscal policy is the result of strong institutions (in particular,...

Colombia is very exposed to natural and climatic disasters and especially to large-scale hydro meteorological drought and excess rain or flood events related to the ENSO El Nino or La Nina phenomena which impact very severely on the agricultural sector. In Colombia a high proportion of the rural...

The Enterprise Surveys (ES) focus on many aspects of the business environment. These factors can be accommodating or constraining for firms and play an important role in whether an economy's private sector will thrive or not. An accommodating business environment is one that encourages firms to...

Achieving gender equality in Colombia is critical to the country's future economic development and social cohesion; yet it remains an ongoing challenge. The government of Colombia recognizes the importance of closing the country's gender gaps and is working on multiple fronts to realize this...

Colombia's solid economic growth since early 2000s has led to significant social improvements. Since the turn of the century, extreme poverty in Colombia almost halved, falling from 17.7 percent in 2002 to 7.4 percent in 2017. Similarly, moderate poverty fell from 49.7 percent to 26.9 percent...

Tajikistan's human capital, eroded by the country's civil war (1992-97), remains low today. According to analyses by the World Bank's Human Capital Project, a child born in Tajikistan today is expected to be 53 percent as productive as he or she could be with full health and complete education....