Colombia, a sophisticated middle income country, strives for innovative development solutions. Over the past years, the country made steady development progress in promoting sustainable growth and lasting peace, continued investments in infrastructure as well as strengthening more inclusive social policies. However, despite these favorable economic trends, the level of poverty, inequality and regional disparities persists and more needs to be done.
The current global context means that for development strategies to be effective, they have to include innovative and effective approaches that bring together the best inputs from different sectors. And that’s where the World Bank comes in. Today, the World Bank Group Executive Board endorsed its new five year Country Partnership Strategy (CPS) for Colombia, which will help the South American country consolidate economic reforms, improve infrastructure development and enhance the effectiveness of social programs.