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Supporting Colombia - for a sound debt management framework

SUBMITTED ON AUGUST 10, 2017

What makes an engagement impactful? Alessandro Scipioni, former resident Advisor to Colombia, World Bank Treasury’s Government Debt and Risk Management (GDRM) Program, talks about Colombia - GDRM Program partnership.

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"Having a sound strategy and sound debt management allowed the (Colombian) government to reduce the impact on the budget," explained Alessandro Scipioni when asked about the 2015 oil crises and its impact on Colombia. During his residency, the team worked on five different projects, leading to sustainable debt management reforms.

While reflecting about what elements of the engagement were especially useful, he said: "There are many things that worked quite well. I would underline three things: one is the webinars that were organized by the World Bank (peer learning experiences), another one was the fact that there was a resident advisor to help move the process, and the third one would be the expertise of the World Bank staff, and the experts coming for the short term missions. They ensure the quality of the recommendation and they also the work that has been done."