The Fourth International Conference on Financing for Development (FfD4) offers a strategic moment to rethink the international financial system in light of today’s “polycrisis”: climate change, geopolitical tensions, economic slowdown, recurrent health crises, and social inequalities. These overlapping challenges highlight the need for a more inclusive, sustainable, and effective global financing architecture.

For Colombia, this context presents not only risks but also opportunities. The country can leverage global reform discussions while also strengthening its own national and territorial financing mechanisms. The United Nations Development Programme (UNDP) in Colombia, in collaboration with private-sector actors—including insurance, development banking, fintech, and impact investing platforms—has sought to bring forward the perspective of Colombia’s private financial sector. This perspective emphasizes collective action among the State, private sector, civil society, and international cooperation, with innovative tools such as blended finance, parametric insurance, impact investing, and results-based financing. A strong focus is placed on impact measurement, ensuring that financing efforts translate into tangible and people-centered results.

The report is structured in five parts:

1. Reconfiguring financing for development – Lessons from past global conferences and Colombia’s chance to act locally while engaging internationally.
2. The private financial sector – How banks, insurers, fintechs, and impact funds in Colombia are driving innovation and inclusion, and the barriers they face.
3. Systemic shifts – The need for stronger governance, territorial participation, and the role of public development banks in building capacity and channeling resources.
4. Strategic pillars – A roadmap focused on dialogue, enabling financial environments, modernized rules, stronger capacities, and better impact measurement.
5. Conclusion – A call to move from principles to implementation, recognizing the private sector as a central partner in sustainable, people-centered development.

This position paper was developed and published by UNDP Colombia. For more information, please visit https://www.undp.org/es/colombia