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Breaking the fiscal rule without extraordinary cause may risk overspending, mounting debt, and a blow to Colombia’s economic credibility.

The guide was developed by Technopolis Group through a rigorous, participatory process with interviews and regional workshops.

Gonzalez has previously served in several national, departmental and local positions, including as the mayor of Zipaquirá from 2008 to 2011

Luis Fernando Mejia offers a candid view of the nation's competitive challenges, the cloud of corruption that Odebrecht has created, and the future of regulations in Colombia.

Mejía, an economist, had been serving as deputy director of DNP and joined the agency in September 2012.

The new "SeCompetitivo" program aims to increase local competitiveness through reforms and strengthening the value chain.

"Today, more than ever, we need more inclusive, competitive, efficient, and sustainable cities," said CAF head Enrique Garcia.