This is a report for the Policy Evaluation Department of the Directorate-General for International Cooperation (DGIS). This Colombia study forms part of a larger project led by MetaMeta Management for the DGIS Policy Evaluation Department to evaluate how environmental SWAps in three countries - Vietnam, Senegal and Colombia - have contributed to progress towards the environmental objectives of the three national governments, in accordance with Dutch Cooperation policy. In the Colombian case, the preparation process is recent, as formalised in the financing agreement ( acuerdo de financiación ) of August 2007.