AUGUST 2018 N o . 07 PENSAMIENTO URBANO PENSAMIENTO BUILDING SUSTAINABLE TERRITORIES A MODEL THAT MAKES BOGOTÁ D.C. BOGOTÁ DREAMS COME TRUE ISSN 2463-042X ISSN AUGUST 2018 TOGETHER WE MAKE IT HAPPEN SECCIÓN NO. 07 PU 1 / 1 Rincón del Mar, San Onofre village, Sucre PHOTO: Cámara Lúcida-Felipe Mesa WE SUPPORT SUSTAINABLE PROJECTS CONTENTS COVER PHOTO: Luis Felipe Osorio EDITORIAL .........................5 NEWS .................................7 Challenges facing urban development and alternatives for financing them ............. 20 INTRODUCTION Development banks in Building citizenship with “Development and peace Colombia ......................... 22 live plans and tactical town are built from the regions”. Mauricio Cárdenas planning .......................... 38 Santamaría. ......................... 8 PLANNING TERRITORIES Optimism in Davos .......... 12 Without regional planning FINANCING SUSTAINABLE there can be no sustainable PROJECTS OECD: benefits for local development ....................... 26 development banking .......... 14 Financing: the key to regional Cities at the forefront ......... 30 FDI and resources for development .......................42 sustainable development ... 16 Colombia’s future depends The region’s partners ........44 on the effectiveness of its First-tier banking support .46 metropolises ................... 34 Votes of confidence from A model to bridge gaps ......36 around the world ................48 70 56 IINSTITUTIONAL International cooperation. EXECUTE WORKS Findeter in figures ..............68 Findeter’s partners around FOR PEOPLE the world ............................ 50 Innovation and knowledge From financing to management ....................... 70 Sustainable bonds to save execution ............................ 60 the planet .......................... 52 Portfolio of products and Inclusion for building social services ............................. 72 IR seal: good corporate fabric .................................... 62 practices .............................54 A transformation exercise, Findeter is committed to the COLUMN step by step .........................66 SDG in Colombia .................56 The X factor in development banking ................................ 74 AUGUST 2018 TGT WE MAKE T A DIRECTOR GENERAL MANAGER Alejandro Torres Parra Sandra Suárez Pérez [email protected] COMMERCIAL MANAGER GENERAL EDITOR Janneth Márquez CENTRO Nicolás Peña Ardila DE INNOVACIÓN COMMERCIAL DIRECTOR Y CONOCIMIENTO EDITORIAL COORDINATOR Felipe Lezama Natalia Perdigón Beltrán [email protected] EDITOR PUBLISHING HOUSE FINDETER PRESIDENT José Luis Barragán Proyectos Semana S.A. Tel.: 646 84 00 Rodolfo Enrique Zea Navarro PROOFREADING Publicacionessemana.com Ángela Delgado SECRETARY GENERAL Natalia Ocampo PRODUCTION DIRECTOR Fabián Elías Paternina Martínez Orlando González Galindo ART EDITOR Andrés Gómez Posada PREPRESS EDITORIAL COUNCIL Publicaciones Semana S.A. Ana María Palau Alvargonzález DESIGN PRINTING Vice-President, Planning Helber Guerrero Rubiano Martha Ayde Arias Quad Graphics S.A.S. Diana Jimena Pereira Bonilla César Benito Lozano Printed in Colombia Manager, Planning and Administration María Fernanda Ponce Publicado en Bogotá Rodrigo Lozano Suaza Miguel Montenegro Coordinator, Center for Innovation and Knowledge Erika Andrea Delgado Moncayo DIRECTOR OF PHOTOGRAPHY Communications Director Mario Inti García Claudia Salamanca Velásquez Communications Management PHOTOGRAPHY EDITOR María Eugenia Rubiano Sánchez Clara Moreno Head of Marketing PHOTOGRAPHY AND PRODUCTION María González Buitrago Carlos Vargas y Andrea Lozano Leader, Publications, and Issue Coordinator TRANSLATION Michael Sparrow ndeter ndeter1 co m parta ndetercol ndeterweb esta revista [email protected] ACKNOWLEDGEMENTS Laura Román, María José Zuluaga, Fernando Carrero, Natalia Fajardo Hernández, Paulina Ocampo, Carolina Farfán, Lily Torres Hernández, María De Los Ángeles Char, Diana Marcela Niebles, Liliana Castillo, Ximena Sánchez, Magda Esperanza Parada, Nicolás Vila, Sergio Mosquera, César Nigrinis Name, Dajibys Martínez, Vanessa Marín, Alba Mogollón, Patricia Vírguez, Blanca Ruth Azcárate, Jaime Alejandro Urrego, Carolina Romero, Marcelo Restrepo, Julián Castro, Juana Leal. AUTHORS OR INTERVIEWEES Mauricio Cárdenas Santamaría, Pedro B Ortiz, Luis Carranza Ugarte, Rodrigo Armando Lara, Guillermo Alfonso Jaramillo, Marcos Daniel Pineda, Rodrigo Lozano Suaza, Juan Manuel Robledo, Úrsula Sola de Hinestrosa, Beatriz Puello, Jean Francisco Duque, Richard Martínez, Daniel Sanabria, María Paz Uribe, María Fernanda Ghisays, Andrés Felipe Sánchez, Edgardo Álvarez, Alejandro Callejas, María Claudia Valencia. ©Proyectos Semana S.A./18, Colombia All rights reserved. This magazine may not be reproduced either wholly or in part without prior authorization from Proyectos Semana S.A., Carrera 11 No. 77A-65, Bogotá, Colombia. PBX 646 8400 WE SUPPORT SUSTAINABLE PROJECTS FINDETER FINDETER: PHOTO: PLAN, FINANCE, EXECUTE IT WAS IN 2010 that we at Findeter began the tran- sition that would convert us into a development bank that transforms regions into sustainable territories, and to this end we devised and Implemented a model with three cornerstones: plan, finance, and execute. The model has gradually matured as we have worked with local leaders and authorities, planning their re- gions, identifying needs and opportunities, and genera- ting solutions based on the regions themselves. We have become the strategic partner of the re- Rodolfo Enrique Zea Navarro, President, FINDETER. gions, offering them comprehensive, sustainable solu- tions so that they can carry out projects that generate wellbeing for their people. Our technical assistance Centro (11 municipalities) and the Sincelejo-Corozal has led us to be considered an effective vehicle throu- axis, with investments totaling 35 trillion pesos identi- gh which the national government can implement fied and 1.9 trillion pesos in disbursements. public policy in the regions, enabling the Colombian Notable at regional level is the assistance we have economy to be more dynamic in priority sectors like provided in supra-municipal planning processes (large water, education and housing due to our financial and built-up areas, municipality associations, provinces and integrated regional development products. regions) for designing and implementing territorial Our first cornerstone, PLAN, is where we identify complementarity programs or strategies, local econo- the principal strengths and opportunities for building mic development and urban-rural planning, through a region-based vision, and we design a road map with such initiatives as the Caribbean and Santanders strategic short-, medium- and long-term projects, with Diamond, the Land of Opportunities program, and a view to achieving a planned, sustainable, balanced and technical advice for Provincial Land Use Plans. inclusive development. It was from this cornerstone In order to achieve greater integrality when mee- that we implemented the Sustainable and Competitive ting regional needs, our sector planning also invol- Cities program, with Interamerican Development Bank ves our working on transverse issues like sustainable support, and the Emblematic Cities program, enabling mobility, urban transformations, green growth and us to reach 51 intermediate cities, for 28 of which we creative, cultural industries, resulting in projects be- have drawn up plans of action, incorporating exercises ing executed that leverage medium- and long-term with a supra-municipal perspective, such as Sabana development and wellbeing processes for inhabitants. AUGUST 2018 Our second cornerstone, FINANCE, involves us in 191 education establishments, over 41 schools with 544 facilitating the mobilization of credit funds to finance im- classrooms, 51 development centers for children up to the portant infrastructure projects that make regional competi- age of five, 50 parks, 19 libraries and 38 citizen integration tiveness more dynamic and improve the provision of basic centers, among other high social impact projects. services. Between 2010 and June 2018 we thus disbursed We also supervised the building of over 122,000 18.3 trillion pesos in funds in 414 municipalities around the homes, which benefited vulnerable, displaced and poor country, in such sectors as infrastructure and transporta- families, and in the water and basic sanitation sector we tion (5.3 trillion pesos), housing, water and basic sanitation provided technical assistance for the laying of 1,154 ki- (4.3 trillion pesos), health and education (5.3 trillion pesos), lometers of pipeline in water supply and sewage systems, energy (2.8 trillion pesos), innovation and IT (229 thousand and for the construction of 96 storage tanks with a total million pesos), and recreation, culture, environment and drinking water storage capacity of 93,000 cubic meters, fiscal consolidation (888 thousand million pesos). plus 60 drinking water and waste water treatment plants, The third Findeter cornerstone, EXECUTE, closes the all of which benefited more than 14 million Colombians. circle and is the area where we have developed the technical As a development bank, we appreciate that the and operational skills to bring to fruition the execution of in- solution to the growth in people’s needs requires coor- frastructure works included in priority national government dination, a joining of forces, and a sharing of resour- programs for which entities like the Ministry of Housing, ces and actions between the national