Access and Quality in Higher Education Project - PACES (WB-P160446)

Countries
  • Colombia
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
Jan 30, 2017
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
Government of Colombia
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)
$ 160.00 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)
$ 467.00 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 Aug 16, 2017

Disclosed by Bank Oct 11, 2016


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Project Description
The development objective of the Access and Quality in Higher Education Project for Colombia is to improve the quality of tertiary education in participating institutions and to increase the enrollment of students from disadvantaged socioeconomic backgrounds in quality programs. The project comprises of three components. The first component, undergraduate student loans and creditos condonables for graduate education objective is to increase student enrollment and graduation in high-quality programs. It consists of following sub-components: (i) undergraduate student loans; and (ii) creditos condonables for postgraduate education. The second component, quality enhancement of tertiary education institutions and programs objectives are to improve the quality of Tertiary Education Institutions (TEIs) by strengthening their research and innovation capabilities, and enhancing their collaboration with the productive sectors in the regions. The third component, institutional strengthening objective is to improve Colombian Institute for Educational Credit and Technical Studies Abroad (ICETEX’s) management practices and capacity, strengthen its long-term sustainability, and promote evidence-based decision-making. It consists of following sub-components: (i) project management and monitoring; and (ii) capacity and sustainability strengthening.
Investment Description
  • World Bank (WB)
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.