Colombia—Sustainable Economic Transformation (SET)

Client: U.S. Agency for International Development

Duration: 2024-2029

Region: Latin America and the Caribbean

Country: Colombia

Solutions: Environment Economic Growth

While climate change continues to threaten the livelihoods of the most vulnerable people in Colombia, it also presents opportunities for innovation in both agricultural and non-agricultural sectors, including crop diversification. If economic interventions are carried out considering adaptation and mitigation, they can enhance rural incomes and reduce environmental impact.

The Sustainable Economic Transformation (SET) activity supports sustainable economic opportunities and investment in various vulnerable areas of Colombia, fostering growth, development, and peace implementation in an equitable and environmentally sustainable manner. SET works to make rural economies increasingly competitive, economically diverse, and resilient to economic and climate-related disruptions, which is essential for lasting peace.

SET works to increase the growth and diversification of rural businesses and improve the environment for rural economic competitiveness in four regions.

Egypt—Technical Assistance Improving Access to Finance by Facilitating Business Expansion of Promising and Growing Small and Medium Enterprises

DAI increased access to capital and financial resources for underserved groups of small firms by working with the Bank of Alexandria in enhancing understanding of the issues specific to small firm lending, introducing the best lending and advisory practices, helping to design and roll out a programme that includes nonfinancial services aiming to improve financial literacy among final beneficiaries.