Reactiva Colombia Line - Financing

Territorial Development Fund S.A. FINDETER
Describe the main features of the policy/measure: 

Financial support line created by FINDETER, with the aim of boosting the cultural and creative economy and stimulate investment in key sectors for the country's infrastructure development. It integrates resources from the National Government through the Ministry of Finance (compensated rate) and ordinary funds from Findeter to put together a package that can be accessed by the public and private sectors.
Aimed at territorial entities, companies and non-profit organizations who wish to begin infrastructure projects that are part of their development plans or corporate strategies.

What are the results achieved so far through the implementation of the policy/measure?: 

Financing of hard and soft infrastructure projects in the culture sector and cultural industries, aimed at renovation, restoration, rehabilitation, construction, purchase, expansion, adaptation, maintenance and construction of facilities or spaces; also the endowment of those facilities and related activities and services, as well as investments related to the value chain of the cultural and creative industries.

Financial resources allocated to the policy/measure in USD: 


Partner(s) engaged in the implementation of the measure: 
Name of partnerType of entity
Territorial Development Fund S.A. FINDETER
Public Sector
Ministry of Culture
Public Sector
Ministry of Finance
Public Sector
Has the implementation of the policy/measure been evaluated?: 
If yes, what are the main conclusions/recommendations?: 

The need to raise awareness among first-tier banks of the importance of supporting, through innovative financing mechanisms such as FINDETER's Reactiva Colombia Line, the Creative and Cultural Industries in Colombia, is evident.

Thus, FINDETER, with the support of the Ministry of Culture, held an event on November 26, 2019, with the participation of representatives of the country's first-tier banks and the Vice Minister of Creativity and the Orange Economy, to present the Reactiva Colombia Line, its characteristics and benefits.

Goal(s) of UNESCO's 2005 Convention
Cultural Domain(s)