Colombia—Sustainable Economic Transformation (SET)

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.

Sample Activities

• Increase rural business growth and diversification, in agricultural and non-agricultural sectors, leverage private sector investment to scale impact, and increase access to finance for rural businesses.
• Enhance the environment for rural economic competitiveness by using climate data in local, more inclusive planning; execute infrastructure projects that build business and communities’ resilience to climate change and other potential economic shocks.
• Strengthen evidence-based public policy development sustainable mechanisms for inclusive dialogue to provide inputs for structural and systemic changes to sustainably enable the economic dynamics.
• Strengthen networks of community organizations and advocacy groups and will collaborate with the media.