03/02/2026 | Press release | Distributed by Public on 03/02/2026 13:58
WASHINGTON - The Executive Board of the Inter-American Development Bank (IDB) approved a Specific Investment Loan of up to $20 million to finance the Program to Strengthen the Legal Defense of the State at the Territorial Level in Colombia.
The program aims to improve the effectiveness of the State's legal defense at both the national and subnational levels by strengthening institutional capacities and advancing the digital transformation of the National Agency for the Legal Defense of the State (ANDJE). These efforts are expected to reduce fiscal vulnerability arising from claims related to unlawful damage, increase the State's success rate in litigation, and lower the amounts payable as result of adverse rulings.
The operation will finance two main components:
The loan will have a 19-year amortization period, a 5.5-year grace period, and an interest rate based on SOFR.