World Bank Project Deck

HO POLORT 4 10 QUALITY EDUCATION 10 REDUCED INEQUALITIES COLOMBIA Access and Quality in Higher Education ELEVEN LABEN ELEVEN 754201 O World Bank LTIN NST LIVE MALL For more information: https://projects.worldbank.org/en/projects-operations/project- detail/P160446 48 Development Challenge: The participation of young people from socioeconomically disadvantaged backgrounds in tertiary education in Colombia is very low. In 2014, only 10% of young people in the poorest quintile enrolled in a higher education program, compared to 59% of the richest quintile. That same year, only 13% of the rural population enrolled in a tertiary education program, as compared to 60% in the main cities. Half of the students who enter tertiary education drop out before finishing their studies. Purpose: Improve the quality of tertiary education in participating institutions and increase enrollment of students from disadvantaged socioeconomic backgrounds in quality programs. The project provides financing for students to attend tertiary and postgraduate education through student loans and scholarships. The project also provides financing for institutions to carry out quality improvements to obtain accreditation through competitive research grants and loans. Expected Results (include): • 1,222,876 students from disadvantaged backgrounds enrolled in tertiary education 46,080 students from low socioeconomic groups who obtain a loan • 322,000 students benefiting from direct interventions to enhance learning • 6.2% of new student loans given to victims of violence; 7.5% to indigenous, afro- Colombians, and Roma people; 7% of loans to new students in 'remote areas' IBRD Financing: $160 million Closing: 2023 INTERNATIONAL BANK FOR WORLD BANK ECONSTRUCTION AND

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