WASHINGTON, April 17, 2008- The following project was approved today by the World Bank’s Board of Executive Directors:
IBRD Loan: US$40 million
TERMS: Maturity= 2 years Grace=16.5 years
PROJECT DESCRIPTION: The objectives of the Second Adaptable Program Lending (APL) for Rural Education Project in Colombia are to improve access to quality education in approximately 120 to 210 municipalities within 30 selected departments, while supporting the development of social capital. Under the First Phase, triggers were met to begin Phase II namely, incremental increases in coverage and learning achievement, accompanied by reduction in repetition rates in the targeted municipalities; the effectiveness of municipalities in utilizing resources for educational subprojects; and the participation of civil society in education management.
For more information, please call Gabriela Aguilar at (202) 473-6768 or email gaguilar2@worldbank.org
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