Additional Financing - Second Support to the Education Sector Project (WB-P160057)

Countries
  • Nicaragua
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 22, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Ministry of Finance and Public Credit
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Jun 22, 2017

Disclosed by Bank Jan 1, 2016


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Project Description
The objectives of the Parent Project are to: (a) improve the students' retention rate in Primary Education Schools located in Participating Municipalities; and (b) strengthen the Ministry of Education's education management capacity. This would be attained by reducing dropout rates and closely monitoring student learning achievements. This loan operation would supply additional financing for the Parent Project to support the implementation of a National Standardized Student Assessment, as well as the design of a new computerized and integrated Planning and Monitoring System and the strengthening of the existing Education Statistics System. It would also support the completion of additional pre-investment studies and completion of the infrastructure inventory. Like the Parent Project, the additional financing targets interventions where primary education efficiency rates (low retention, high dropout and high repetition rates) are the worst and poverty levels are the highest. Also similar to the Parent Project, it would focus on 40 municipalities, in six departments, and the two Caribbean Coast Autonomous Regions (RACCS and RACCN), which are among the poorest in Nicaragua.
Investment Description
  • World Bank (WB)
The total cost of this additional financing project is US$5 million, provided by a loan from the World Bank's International Development Association (IDA).
Contact Information
ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.