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CCLIP facility to improve education in Argentina
12
Mar '08
The Inter-American Development Bank announced the approval to Argentina of a US$ 2.7 billion nine-year conditional credit line for investment projects (CCLIP) and a first US$630 million loan under this CCLIP facility to support the country's education strategy to improve coverage, equity and quality.

"The goal of the CCLIP is to improve equity in preschool, primary and secondary education and help to close the gap in educational opportunities for children and adolescents from different income levels," said IDB team leader Jesús Duarte. "This will be achieved by financing activities to support the policy for student retention and graduation at the secondary level, and expansion and improvement of educational infrastructure to improve educational equity."

"Children and youngsters will benefit at many different levels, from the possibility of attending preschool, to a better access to new and rehabilitated schools, particularly in geographic areas with the highest poverty rates; primary school students who will be able to receive schooling for more hours a year thanks to a longer school day; and youths, mainly the poorest, who will complete high school due to study grants," explained Duarte. "Students will also benefit from improved learning conditions, such as the distribution of textbooks and other complementary activities."

The credit line is expected to achieve the following objectives:

• Provide universal preschool for five-year-olds andincreased coverage for four-year-olds

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