[{"bbox": [158, 154, 317, 177], "category": "Section-header", "text": "## Lessons Learnt:"}, {"bbox": [158, 191, 1073, 243], "category": "Text", "text": "The action is based on lessons learned from the implementation of the Global Gateway Agenda in Colombia. The main lessons learned are:"}, {"bbox": [195, 258, 1074, 340], "category": "List-item", "text": "* Strengthening the EU agenda on trade and investment, fostering constructive public-private dialogue, and early engagement with key stakeholders to enhance project quality and sustainability."}, {"bbox": [195, 351, 1074, 460], "category": "List-item", "text": "* Stress that EU development banks' financing of the projects should be leveraged as an opportunity to affirm the EU's added value in sustainable investments, in line with the principles of Global Gateway of transparency, good governance, and high technical standards (environmental and safety)."}, {"bbox": [195, 472, 1074, 527], "category": "List-item", "text": "* To mitigate concerns about debt sustainability and limited fiscal space, it is vital to identify politically strategic projects that align with budgetary frameworks."}, {"bbox": [195, 540, 1074, 595], "category": "List-item", "text": "* To work towards ensuring a level playing field for EU companies and promoting competition that takes into account the quality, sustainability, and innovation of the proposals."}, {"bbox": [195, 607, 1074, 662], "category": "List-item", "text": "* Close follow-up with European Banks on the procurement process should be ensured from the beginning."}, {"bbox": [195, 674, 1074, 729], "category": "List-item", "text": "* Close collaboration with Government and business through technical assistance is key to building trust and confidence and developing greater opportunities."}, {"bbox": [195, 741, 1074, 796], "category": "List-item", "text": "* Daily work with companies and other stakeholders is key to identifying bottlenecks, priorities, and technical needs."}, {"bbox": [158, 807, 1074, 938], "category": "Text", "text": "INTPA engagement can help create a more level playing field for European companies. However, most large infrastructure projects with important political and legal aspects require high-level engagement and specialised legal advice. For the moment, we can do our best within the limits of our financial regulations. High-level leadership and bold decisions are crucial and essential in these cases."}, {"bbox": [146, 980, 457, 1008], "category": "Section-header", "text": "## 3.5 The Intervention Logic"}, {"bbox": [158, 1036, 1074, 1197], "category": "Text", "text": "A mutual agreement was reached at the EU-CELAC Summit 2023 to refresh and augment the long-standing bi-regional partnership between the EU and LAC regions. This bond is grounded in shared values and interests, along with robust economic, social, and cultural connections. The Summit Declaration recognised the potential of the EU-LAC Global Gateway Investment Agenda to contribute to the goal of addressing investment gaps and to mobilise funding for sustainable development and a just green and digital transitions."}, {"bbox": [158, 1207, 1074, 1342], "category": "Text", "text": "To tackle the country's sustainable development challenges, Colombia needs to mobilise and increase accessibility to financial resources. The EU Global Gateway Strategy is a strategy designed to meet this need. The Colombia Gateway Investment Agenda (GGIA) aims to bridge investment gaps in alignment with the shared priorities of the EU and Colombia. This strategy aims to channel both private capital and public funding towards the digital, green, and fair transition of Colombia."}, {"bbox": [158, 1353, 1074, 1540], "category": "Text", "text": "Given the context and shared objectives between the EU and Colombia, the underlying logic for this action is two-fold. Firstly, to attract public and private investment around flagship initiatives and to act to amplify partnerships between EU and Colombian institutions and stakeholders for transformative initiatives in priority areas (outcome 1) and fortify the enabling environment for public and private investment at the country level (outcome 2). This dual-action approach would support Colombia in implementing increasingly ambitious, transformative, and equitable green and just transition strategies (impact)."}, {"bbox": [158, 1551, 1074, 1605], "category": "Text", "text": "To contribute to outcome 1, the action will be guided by the transformative initiatives in priority areas identified in the Global Gateway Investment Agenda for Colombia. The plan includes"}, {"bbox": [954, 1640, 1081, 1667], "category": "Page-footer", "text": "Page 16 of 21"}]