Access and Quality in Higher Education Project - PACES

Abstract*

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... Show More

Development Objective

The objective of the project 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.

Key Details

Project Details

Project ID
P160446
Status
Active
Team Leader
Katia Herrera Sosa
Borrower 2
INSTITUTO COLOMBIANO DE CRÉDITO EDUCATIVO Y ESTUDIOS TÉCNICOS EN EL EXTERIOR (ICETEX)

Country
Colombia
Disclosure Date
October 11, 2016
Approval Date
(as of board presentation)
January 30, 2017
Effective Date
October 24, 2017

Total Project Cost 1
US$ 467.00 million
Implementing Agency
INSTITUTO COLOMBIANO DE CRÉDITO EDUCATIVO Y ESTUDIOS TÉCNICOS EN EL EXTERIOR (ICETEX)
Region
Latin America and Caribbean
Fiscal Year 3
2017

Commitment Amount
US$ 160.00 million
Environmental Category
C
Last Update Date
December 1, 2023
Closing Date
June 30, 2025

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED

Associated Projects
P166177

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Human Development and Gender

FY17 - Education100%
- FY17 - Access to Education65%
- FY17 - Education Financing35%
- FY17 - Education Governance, School-Based Management35%
- FY17 - Science and Technology35%
FY17 - Gender65%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	160.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	160.00
IDA Commitment	N/A
IBRD + IDA Commitment	160.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	467.00

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

No data available.

Detailed Financial Activity as of February 28, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Jun 24, 2022	IBRD-87010	Loan Disb	872,850.10
Jun 24, 2022	IBRD-87010	Loan Disb	2,388,285.00
Apr 15, 2022	IBRD-88360	Int Charges	182,095.38
Apr 15, 2022	IBRD-87010	Loan Disb	4,306,677.00
Apr 15, 2022	IBRD-87010	Loan Disb	-4,306,677.00
Apr 15, 2022	IBRD-87010	Int Charges	1,520.63
Apr 15, 2022	IBRD-87010	Int Charges	8,469.75
Apr 15, 2022	IBRD-87010	Int Charges	23,415.22
Apr 15, 2022	IBRD-87010	Int Charges	13,164.98
Apr 15, 2022	IBRD-87010	Int Charges	0.20
Mar 29, 2022	IBRD-87010	Loan Disb	490,634.00
Jun 28, 2022	IBRD-87010	Loan Disb	119,517.00
May 25, 2022	IBRD-87010	Loan Disb	-4,306,677.00
Dec 6, 2021	IBRD-87010	Loan Disb	-5,842,442.50
Mar 3, 2022	IBRD-87010	Loan Disb	3,816,043.00
Oct 15, 2022	IBRD-87010	Int Charges	6,290.97
Oct 15, 2022	IBRD-87010	Int Charges	16,720.04
Oct 15, 2022	IBRD-88360	Int Charges	182,474.40
Oct 28, 2022	IBRD-87010	Loan Disb	-3,380,652.00
Oct 15, 2022	IBRD-88360	Int Charges	7,435.22
Oct 15, 2022	IBRD-87010	Int Charges	1,181.03
Oct 15, 2022	IBRD-87010	Int Charges	31,264.74
Oct 15, 2022	IBRD-87010	Int Charges	14,116.33
Apr 15, 2023	IBRD-87010	Int Charges	15,013.42
Apr 15, 2023	IBRD-87010	Int Charges	7,251.50
Oct 28, 2022	IBRD-88360	Loan Disb	-802,961.90
Apr 15, 2023	IBRD-88360	Int Charges	181,094.40
Apr 15, 2023	IBRD-88360	Int Charges	1,722.35
Nov 8, 2023	IBRD-88360	Loan Disb	25,128,866.00
Oct 15, 2023	IBRD-87010	Int Charges	15,095.91
Oct 15, 2023	IBRD-88360	Int Charges	182,089.44
Nov 8, 2023	IBRD-88360	Loan Disb	2,191,750.20
Mar 24, 2023	IBRD-87010	Loan Cancel	12,043,730.00
Nov 17, 2023	IBRD-88360	Loan Cancel	25,948,012.00
Apr 15, 2024	IBRD-88360	Int Charges	125,496.45
Apr 15, 2024	IBRD-88360	Int Charges	864,999.50
Apr 15, 2024	IBRD-87010	Int Charges	-16,910.72
May 22, 2024	IBRD-88360	Loan Disb	23,939,760.00
May 22, 2024	IBRD-88360	Loan Disb	23,939,760.00
Apr 15, 2021	IBRD-87010	Int Charges	434,563.78
Apr 15, 2021	IBRD-87010	Int Charges	197,905.03
Apr 15, 2021	IBRD-87010	Int Charges	334,978.25
Apr 15, 2021	IBRD-87010	Int Charges	170,213.17
Apr 15, 2021	IBRD-87010	Int Charges	603,849.60
Apr 15, 2021	IBRD-87010	Int Charges	577,432.70
Apr 15, 2021	IBRD-87010	Int Charges	692,285.50
Apr 15, 2021	IBRD-87010	Int Charges	1,037,746.06
Dec 23, 2019	IBRD-87010	Loan Disb	5,283,388.50
Dec 23, 2019	IBRD-88360	Loan Disb	13,879,853.00
Dec 23, 2019	IBRD-88360	Loan Disb	-13,879,853.00
Dec 23, 2019	IBRD-88360	Loan Disb	13,879,853.00
Oct 15, 2019	IBRD-87010	Int Charges	949.69
Oct 8, 2019	IBRD-87010	Loan Disb	-650,229.60
Oct 8, 2019	IBRD-87010	Loan Disb	650,229.60
Oct 15, 2019	IBRD-87010	Int Charges	612,339.56
Oct 15, 2019	IBRD-87010	Int Charges	640,353.50
Oct 15, 2019	IBRD-87010	Int Charges	734,135.50
Oct 15, 2019	IBRD-87010	Int Charges	1,100,479.90
Oct 15, 2019	IBRD-87010	Int Charges	300,292.94
Oct 15, 2019	IBRD-87010	Int Charges	305,272.94
Oct 8, 2019	IBRD-87010	Loan Disb	650,229.60
Aug 20, 2020	IBRD-87010	Loan Disb	-8,454,811.00
Apr 15, 2021	IBRD-87010	Int Charges	283,174.50
Apr 15, 2021	IBRD-87010	Int Charges	287,870.60
Apr 15, 2021	IBRD-87010	Int Charges	23,412.33
Sep 15, 2021	IBRD-87010	Loan Disb	6,603,403.00
Sep 15, 2021	IBRD-87010	Loan Disb	-6,603,403.00
Oct 15, 2021	IBRD-87010	Int Charges	584,903.75
Oct 15, 2021	IBRD-87010	Int Charges	559,315.56
Apr 15, 2024	IBRD-88360	Int Charges	78,072.30
Apr 19, 2024	IBRD-88360	Loan Disb	-13,561,736.00
Apr 19, 2024	IBRD-88360	Loan Disb	13,561,736.00
Jul 15, 2024	IBRD-88360	Loan Disb	24,127,918.00
Jul 15, 2024	IBRD-88360	Loan Disb	-24,127,918.00
Oct 15, 2018	IBRD-87010	Int Charges	111,938.36
Oct 15, 2018	IBRD-87010	Int Charges	217,604.36
Oct 15, 2018	IBRD-87010	Int Charges	158,139.84
Oct 23, 2018	IBRD-87010	Loan Disb	-7,415,302.00
Jul 12, 2019	IBRD-87010	Loan Disb	654,403.90
Apr 15, 2018	IBRD-87010	Int Charges	196,482.12
Apr 15, 2018	IBRD-87010	Int Charges	68,947.06
May 25, 2018	IBRD-87010	Loan Disb	-20,000,000.00
May 25, 2018	IBRD-87010	Loan Disb	-16,681,922.00
Sep 10, 2018	IBRD-87010	Loan Disb	-26,823,790.00
Aug 28, 2018	IBRD-87010	Loan Disb	7,415,302.00
Nov 6, 2019	IBRD-87010	Loan Disb	5,300,000.00
Apr 15, 2019	IBRD-88360	Int Charges	136,986.31
Apr 15, 2019	IBRD-87010	Int Charges	82,914.52
Apr 15, 2019	IBRD-87010	Int Charges	20,067.46
Apr 15, 2019	IBRD-87010	Int Charges	41,380.02
Oct 15, 2019	IBRD-87010	Int Charges	41,534.50
Sep 12, 2019	IBRD-88360	Loan Disb	13,923,493.00
Sep 13, 2019	IBRD-87010	Loan Disb	11,102,417.00
Oct 8, 2019	IBRD-87010	Loan Disb	-654,403.90
Oct 15, 2019	IBRD-88360	Int Charges	197,400.86
Oct 15, 2019	IBRD-88360	Loan Disb	-13,923,493.00
Oct 15, 2019	IBRD-88360	Loan Disb	13,923,493.00
Oct 15, 2019	IBRD-87010	Loan Disb	-11,102,417.00
Oct 15, 2019	IBRD-87010	Loan Disb	11,102,417.00
Oct 15, 2019	IBRD-87010	Int Charges	35,017.42
Oct 15, 2019	IBRD-87010	Int Charges	6,446.62
Dec 23, 2019	IBRD-87010	Loan Disb	-5,300,000.00
Dec 23, 2019	IBRD-88360	Loan Disb	-13,923,493.00
Apr 15, 2020	IBRD-87010	Int Charges	2,433.41
Apr 15, 2020	IBRD-87010	Int Charges	58,739.32
Apr 15, 2020	IBRD-88360	Int Charges	3,147.09
Apr 15, 2020	IBRD-88360	Int Charges	48,288.62
Apr 15, 2020	IBRD-88360	Int Charges	182,808.84
Oct 15, 2020	IBRD-87010	Int Charges	659,156.10
Oct 15, 2020	IBRD-87010	Int Charges	988,084.60
Oct 15, 2020	IBRD-87010	Int Charges	269,623.12
Oct 15, 2020	IBRD-87010	Int Charges	274,094.53
Oct 15, 2020	IBRD-87010	Int Charges	22,291.93
Oct 15, 2020	IBRD-87010	Int Charges	413,767.70
Oct 15, 2020	IBRD-87010	Int Charges	188,434.27
Oct 15, 2020	IBRD-87010	Int Charges	97,601.52
Apr 15, 2020	IBRD-87010	Int Charges	260,093.16
Apr 15, 2020	IBRD-87010	Int Charges	264,406.47
Apr 15, 2020	IBRD-87010	Int Charges	272,638.53
Apr 15, 2020	IBRD-87010	Int Charges	113,236.22
Apr 15, 2020	IBRD-87010	Int Charges	530,366.56
Apr 15, 2020	IBRD-87010	Int Charges	635,857.90
Apr 15, 2020	IBRD-87010	Int Charges	953,160.20
Apr 15, 2020	IBRD-87010	Int Charges	21,504.00
Dec 12, 2019	IBRD-87010	Loan Disb	11,259,750.00
Jul 15, 2024	IBRD-88360	Loan Disb	24,127,918.00
Apr 19, 2024	IBRD-88360	Loan Disb	13,561,736.00
Oct 28, 2022	IBRD-88360	Loan Disb	-818,088.00
Oct 28, 2022	IBRD-88360	Loan Disb	818,088.00
Oct 28, 2022	IBRD-87010	Loan Disb	3,444,336.50
Apr 15, 2023	IBRD-87010	Int Charges	459,751.12
Apr 15, 2023	IBRD-87010	Int Charges	551,196.90
Apr 15, 2023	IBRD-87010	Int Charges	826,252.10
Apr 15, 2023	IBRD-87010	Int Charges	225,463.17
Apr 15, 2023	IBRD-87010	Int Charges	229,202.20
Apr 15, 2023	IBRD-87010	Int Charges	18,640.86
Apr 15, 2023	IBRD-87010	Int Charges	345,999.12
Apr 15, 2023	IBRD-87010	Int Charges	157,571.73
Apr 15, 2023	IBRD-87010	Int Charges	266,709.25
Apr 15, 2023	IBRD-87010	Int Charges	173,699.16
Apr 15, 2023	IBRD-87010	Int Charges	263,918.50
Apr 15, 2023	IBRD-87010	Int Charges	236,216.34
Apr 15, 2023	IBRD-87010	Int Charges	220,341.73
Apr 15, 2023	IBRD-87010	Int Charges	250,644.39
Apr 15, 2023	IBRD-88360	Int Charges	413,952.62
Apr 15, 2023	IBRD-88360	Int Charges	59,532.27
Apr 15, 2023	IBRD-87010	Int Charges	480,784.30
Oct 15, 2023	IBRD-88360	Int Charges	433,078.28
Oct 15, 2023	IBRD-88360	Int Charges	67,073.80
Oct 15, 2023	IBRD-87010	Int Charges	502,997.78
Oct 15, 2023	IBRD-87010	Int Charges	480,992.84
Oct 15, 2023	IBRD-87010	Int Charges	576,663.56
Oct 15, 2023	IBRD-87010	Int Charges	864,427.10
Oct 15, 2023	IBRD-87010	Int Charges	235,880.16
Oct 15, 2023	IBRD-87010	Int Charges	239,791.94
Oct 15, 2023	IBRD-87010	Int Charges	19,502.12
Oct 15, 2023	IBRD-87010	Int Charges	361,985.20
Oct 15, 2023	IBRD-87010	Int Charges	164,851.95
Oct 15, 2023	IBRD-87010	Int Charges	279,031.90
Oct 15, 2023	IBRD-87010	Int Charges	181,724.50
Oct 15, 2023	IBRD-87010	Int Charges	276,112.22
Oct 15, 2023	IBRD-87010	Int Charges	247,130.14
Oct 15, 2023	IBRD-87010	Int Charges	230,522.10
Oct 15, 2023	IBRD-87010	Int Charges	282,395.94
Apr 15, 2024	IBRD-87010	Int Charges	585,477.44
Apr 15, 2024	IBRD-87010	Int Charges	559,864.20
Apr 15, 2024	IBRD-87010	Int Charges	671,222.60
Apr 15, 2024	IBRD-87010	Int Charges	1,006,172.50
Apr 15, 2024	IBRD-87010	Int Charges	274,558.88
Apr 15, 2024	IBRD-87010	Int Charges	279,112.10
Apr 15, 2024	IBRD-87010	Int Charges	22,700.00
Apr 15, 2024	IBRD-87010	Int Charges	421,342.12
Apr 15, 2024	IBRD-87010	Int Charges	191,883.73
Apr 15, 2024	IBRD-87010	Int Charges	324,786.47
Apr 15, 2024	IBRD-88360	Int Charges	504,092.80
Apr 15, 2022	IBRD-88360	Int Charges	500,922.53
Apr 15, 2022	IBRD-87010	Int Charges	277,356.75
Apr 15, 2022	IBRD-87010	Int Charges	22,557.24
Apr 15, 2022	IBRD-87010	Int Charges	418,692.28
Sep 15, 2021	IBRD-87010	Loan Disb	6,603,403.00
May 25, 2022	IBRD-87010	Loan Disb	4,276,024.50
May 25, 2022	IBRD-87010	Loan Disb	-4,276,024.50
May 25, 2022	IBRD-87010	Loan Disb	4,276,024.50
Dec 6, 2021	IBRD-87010	Loan Disb	5,819,304.00
Dec 6, 2021	IBRD-87010	Loan Disb	-5,819,304.00
Dec 6, 2021	IBRD-87010	Loan Disb	5,819,304.00
Apr 15, 2022	IBRD-87010	Int Charges	190,676.97
Apr 15, 2022	IBRD-87010	Int Charges	322,743.88
Apr 15, 2020	IBRD-88360	Int Charges	90,201.03
Apr 15, 2020	IBRD-87010	Int Charges	23,387.72
Apr 15, 2020	IBRD-87010	Int Charges	60,458.83
Apr 15, 2020	IBRD-87010	Int Charges	37,337.91
Dec 12, 2019	IBRD-87010	Loan Disb	-11,102,417.00
Sep 23, 2020	IBRD-87010	Loan Disb	2,517,710.00
Sep 23, 2020	IBRD-87010	Loan Disb	3,225,940.20
Aug 20, 2020	IBRD-87010	Loan Disb	-8,387,350.00
Jun 15, 2020	IBRD-87010	Loan Disb	5,314,694.00
Jun 15, 2020	IBRD-87010	Loan Disb	3,072,656.20
Oct 15, 2020	IBRD-88360	Int Charges	182,595.62
Oct 15, 2020	IBRD-87010	Loan Disb	-5,743,650.00
Oct 15, 2020	IBRD-87010	Loan Disb	5,743,650.00
Oct 15, 2020	IBRD-87010	Int Charges	50,020.55
Oct 15, 2020	IBRD-87010	Int Charges	40,441.01
Nov 24, 2020	IBRD-87010	Loan Disb	-5,743,650.00
Jun 29, 2021	IBRD-87010	Loan Disb	6,593,999.00
Apr 15, 2021	IBRD-87010	Int Charges	863.11
Apr 15, 2021	IBRD-87010	Int Charges	8,368.21
Apr 15, 2021	IBRD-87010	Int Charges	40,052.25
Apr 15, 2021	IBRD-87010	Int Charges	10,530.02
Apr 15, 2021	IBRD-88360	Int Charges	181,882.16
Jul 10, 2018	IBRD-87010	Loan Disb	26,823,790.00
Nov 9, 2017	IBRD-87010	Fee Charges	400,000.00
Mar 7, 2018	IBRD-87010	Loan Disb	18,340,960.00
Mar 7, 2018	IBRD-87010	Loan Disb	18,340,960.00
Dec 4, 2017	IBRD-87010	Loan Disb	457,127.25
Dec 22, 2017	IBRD-87010	Loan Disb	17,391,870.00
Jan 30, 2017	IBRD-87010	Loan Commitment	160,000,000.00
Mar 22, 2018	IBRD-88360	Loan Commitment	160,000,000.00
Oct 15, 2021	IBRD-87010	Int Charges	23,144.94
Oct 15, 2021	IBRD-87010	Int Charges	33,921.16
Oct 15, 2021	IBRD-88360	Int Charges	183,095.89
Sep 7, 2021	IBRD-87010	Loan Disb	4,828,553.50
Sep 7, 2021	IBRD-87010	Loan Disb	1,013,889.00
Sep 15, 2021	IBRD-87010	Loan Disb	-6,593,999.00
Oct 15, 2021	IBRD-87010	Loan Disb	-5,842,442.50
Oct 15, 2021	IBRD-87010	Loan Disb	5,842,442.50
Jun 24, 2022	IBRD-88360	Loan Disb	802,961.90
Oct 15, 2021	IBRD-87010	Int Charges	670,564.94
Oct 15, 2021	IBRD-87010	Int Charges	1,005,186.56
Oct 15, 2021	IBRD-87010	Int Charges	274,289.84
Oct 15, 2021	IBRD-87010	Int Charges	278,838.60
Oct 15, 2021	IBRD-87010	Int Charges	22,677.76
Oct 15, 2021	IBRD-87010	Int Charges	420,929.25
Oct 15, 2021	IBRD-87010	Int Charges	191,695.72
Oct 15, 2021	IBRD-87010	Int Charges	324,468.22
Oct 15, 2021	IBRD-87010	Int Charges	211,315.70
Oct 15, 2021	IBRD-87010	Int Charges	52,634.94
Oct 15, 2021	IBRD-88360	Int Charges	503,598.84
Apr 15, 2021	IBRD-88360	Int Charges	519,911.16
May 25, 2018	IBRD-87010	Loan Disb	-16,722,936.00
May 25, 2018	IBRD-87010	Loan Disb	16,722,936.00
May 25, 2018	IBRD-87010	Loan Disb	16,722,936.00
May 25, 2018	IBRD-87010	Loan Disb	20,049,172.00
May 25, 2018	IBRD-87010	Loan Disb	-20,049,172.00
May 25, 2018	IBRD-87010	Loan Disb	20,049,172.00
Feb 7, 2018	IBRD-87010	Loan Disb	17,913,462.00
Feb 7, 2018	IBRD-87010	Loan Disb	-17,913,462.00
Feb 7, 2018	IBRD-87010	Loan Disb	17,913,462.00
Apr 15, 2018	IBRD-87010	Int Charges	290,390.03
Apr 15, 2019	IBRD-87010	Int Charges	704,421.75
Apr 15, 2019	IBRD-87010	Int Charges	673,605.00
Apr 15, 2019	IBRD-87010	Int Charges	807,586.75
Apr 15, 2019	IBRD-87010	Int Charges	1,210,584.40
Apr 15, 2019	IBRD-87010	Int Charges	315,817.30
Apr 15, 2019	IBRD-87010	Int Charges	86,721.69
Oct 15, 2018	IBRD-87010	Int Charges	239,252.14
Feb 27, 2019	IBRD-87010	Loan Disb	7,924,488.00
Feb 27, 2019	IBRD-87010	Loan Disb	-7,924,488.00
Apr 15, 2024	IBRD-87010	Int Charges	287,653.60
Apr 15, 2024	IBRD-87010	Int Charges	268,322.22
Apr 15, 2024	IBRD-87010	Int Charges	328,702.16
Apr 15, 2024	IBRD-87010	Int Charges	321,388.03
Apr 15, 2024	IBRD-87010	Int Charges	211,522.98
Jul 15, 2024	IBRD-88360	Loan Disb	24,127,918.00
Jul 15, 2024	IBRD-88360	Loan Disb	-24,127,918.00
Jul 15, 2024	IBRD-88360	Loan Disb	24,127,918.00
Feb 27, 2019	IBRD-87010	Loan Disb	7,924,488.00
Oct 15, 2018	IBRD-87010	Int Charges	727,908.10
Oct 15, 2018	IBRD-87010	Int Charges	543,918.80
Oct 15, 2018	IBRD-87010	Int Charges	652,105.70
Oct 23, 2018	IBRD-87010	Loan Disb	7,388,198.00
Oct 23, 2018	IBRD-87010	Loan Disb	7,388,198.00
Oct 23, 2018	IBRD-87010	Loan Disb	-7,388,198.00
Sep 10, 2018	IBRD-87010	Loan Disb	27,095,274.00
Sep 10, 2018	IBRD-87010	Loan Disb	-27,095,274.00
Sep 10, 2018	IBRD-87010	Loan Disb	27,095,274.00
Dec 12, 2019	IBRD-87010	Loan Disb	-11,259,750.00
Nov 24, 2020	IBRD-87010	Loan Disb	5,747,894.00
Nov 24, 2020	IBRD-87010	Loan Disb	-5,747,894.00
Nov 24, 2020	IBRD-87010	Loan Disb	5,747,894.00
Apr 19, 2024	IBRD-88360	Loan Disb	-13,561,736.00
Apr 19, 2024	IBRD-88360	Loan Disb	13,561,736.00
Apr 19, 2024	IBRD-88360	Loan Disb	13,561,736.00
Dec 12, 2019	IBRD-87010	Loan Disb	11,259,750.00
Apr 15, 2020	IBRD-87010	Int Charges	554,630.30
Apr 15, 2020	IBRD-88360	Int Charges	297,479.94
Dec 23, 2019	IBRD-87010	Loan Disb	5,283,388.50
Dec 23, 2019	IBRD-87010	Loan Disb	-5,283,388.50
Apr 15, 2022	IBRD-87010	Int Charges	210,192.70
Apr 15, 2022	IBRD-87010	Int Charges	319,366.78
Apr 15, 2022	IBRD-87010	Int Charges	204,174.66
Apr 15, 2022	IBRD-87010	Int Charges	581,795.30
Apr 15, 2022	IBRD-87010	Int Charges	556,343.20
Apr 15, 2022	IBRD-87010	Int Charges	667,001.25
Apr 15, 2022	IBRD-87010	Int Charges	999,844.60
Apr 15, 2022	IBRD-87010	Int Charges	272,832.16
Oct 15, 2022	IBRD-87010	Int Charges	458,162.78
Oct 15, 2022	IBRD-87010	Int Charges	549,292.56
Oct 15, 2022	IBRD-87010	Int Charges	823,397.50
Oct 15, 2022	IBRD-87010	Int Charges	224,684.23
Oct 15, 2022	IBRD-87010	Int Charges	228,410.34
Oct 15, 2022	IBRD-87010	Int Charges	18,576.46
Oct 15, 2022	IBRD-87010	Int Charges	344,803.75
Oct 15, 2022	IBRD-87010	Int Charges	157,027.34
Oct 15, 2022	IBRD-87010	Int Charges	265,787.80
Oct 15, 2022	IBRD-87010	Int Charges	173,099.05
Oct 15, 2022	IBRD-87010	Int Charges	263,006.70
Oct 15, 2022	IBRD-87010	Int Charges	235,400.23
Oct 15, 2022	IBRD-87010	Int Charges	479,123.25
Oct 15, 2022	IBRD-88360	Int Charges	412,522.47
Oct 15, 2022	IBRD-87010	Int Charges	171,584.75
Oct 28, 2022	IBRD-87010	Loan Disb	-3,444,336.50
Oct 28, 2022	IBRD-87010	Loan Disb	3,444,336.50
Oct 28, 2022	IBRD-88360	Loan Disb	818,088.00
Aug 20, 2020	IBRD-87010	Loan Disb	8,454,811.00
Oct 15, 2020	IBRD-88360	Int Charges	495,030.75
Oct 15, 2020	IBRD-87010	Int Charges	574,952.30
Aug 20, 2020	IBRD-87010	Loan Disb	8,454,811.00
Oct 15, 2020	IBRD-87010	Int Charges	549,799.56
Jul 15, 2024	IBRD-88360	Loan Disb	-23,939,760.00
Apr 19, 2024	IBRD-88360	Loan Disb	-13,660,309.00
Apr 19, 2024	IBRD-88360	Loan Disb	-13,660,309.00
Jul 15, 2024	IBRD-88360	Loan Disb	-23,939,760.00
Apr 15, 2018	IBRD-87010	Loan Disb	-36,681,920.00
Apr 15, 2018	IBRD-87010	Loan Disb	36,681,920.00
Feb 7, 2018	IBRD-87010	Loan Disb	-17,848,998.00
Dec 27, 2018	IBRD-87010	Loan Disb	7,874,666.00
Jan 29, 2019	IBRD-88360	Fee Charges	400,000.00
Feb 27, 2019	IBRD-87010	Loan Disb	-7,874,666.00
Oct 15, 2018	IBRD-87010	Int Charges	9,798.61
Oct 15, 2018	IBRD-87010	Int Charges	106,635.92

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Project Management	Satisfactory	2025-01-13
Progress towards achievement of PDO	Satisfactory	2025-01-13
Financial Management	Satisfactory	2025-01-13
Monitoring and Evaluation	Satisfactory	2025-01-13
Overall Implementation Progress (IP)	Satisfactory	2025-01-13
Procurement	Moderately Satisfactory	2025-01-13

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Number of students from disadvantaged backgrounds enrolled in tertiary education Value 961348.00 1452456.00 1520000.00
Date December 31, 2015 April 20, 2023 June 30, 2025
Comment

Percentage of students from disadvantaged backgrounds enrolled in tertiary education who are enrolled in accredited programs or institutions	Value	23.00	41.50	47.50
	Date	December 30, 2015	April 20, 2023	June 30, 2025
	Comment

Proportion of tertiary education institutions participating in the Research Ecosystems that have a positive annual change in the quality index of educational performance with respect to baseline	Value	0.00	89.20	86.00
	Date	December 31, 2017	April 20, 2023	December 1, 2023
	Comment

Number of tertiary education institutions receiving competitive research grants that formally initiate the institutional accreditation process and that remain active in the Project	Value	0.00	14.00	8.00
	Date	December 31, 2017	April 20, 2023	December 1, 2023
	Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Impact evaluation (IE) has been designed and completed	Value	ACCESS II Impact Evaluation Completed and Publishe	IE has been completed (70%)	Final Report of PACES IE
	Date	December 31, 2018	April 20, 2023	December 1, 2023
	Comment

Number of researchers participating in projects executed by the Research Ecosystems supported by Ecosistema Científico Value 0.00 1160.00 160.00
Date December 30, 2016 April 20, 2023 December 1, 2023
Comment
Non-Performing Loans (NPL) Ratio Value 15.15 5.40 8.20
Date September 30, 2016 April 20, 2023 June 30, 2025
Comment
Number of new students from disadvantaged socioeconomic backgrounds obtaining an ICETEX student loan Value 22696.00 30244.00 16000.00
Date December 31, 2015 April 20, 2023 June 30, 2025
Comment

Number of researchers from non-accredited universities participating in projects executed by the Research Ecosystems supported by Ecosistema Científico	Value	0.00	193.00	40.00
	Date	December 30, 2016	April 20, 2023	December 1, 2023
	Comment

Debt Recovery Ratio Value 2.20 1.26 3.50
Date September 30, 2016 April 20, 2023 December 1, 2023
Comment

Percentage of accreditable academic programs linked to Research Ecosystems that prepare a self-evaluation report and improvement plan for accreditation purposes, in accordance with the accreditation	Value	0.00	140.00	80.00
	Date	December 31, 2018	April 20, 2023	December 1, 2023
	Comment

Percentage of ICETEX earnings from alternative sources of funding Value 10.00 7.40 7.00
Date September 30, 2016 April 20, 2023 June 30, 2025
Comment
Percentage of new student loans given to students enrolled in accredited higher education institutions or programs Value 40.60 67.60 65.00
Date December 31, 2016 April 20, 2023 June 30, 2025
Comment

Number of new students from disadvantaged socioeconomic backgrounds obtaining an ICETEX student loan through a partnership or administrative fund	Value	0.00	15706.00	2900.00
	Date	December 31, 2016	April 20, 2023	June 30, 2025
	Comment

Percentage of progress over total scientific-technological production made by the Research Ecosystems Value 0.00 93.00 100.00
Date December 31, 2018 April 20, 2023 December 1, 2023
Comment
Direct project beneficiaries Value 281000.00 284395.00 310000.00
Date December 31, 2016 April 20, 2023 June 30, 2025
Comment
Number of new student loans given to students who obtain a central government subsidy Value 22000.00 18689.00 11000.00
Date December 31, 2015 April 20, 2023 June 30, 2025
Comment
Students benefiting from direct interventions to enhance learning Value 281000.00 284395.00 310000.00
Date December 31, 2015 April 20, 2023 June 30, 2025
Comment
Percentage of ICETEX student loan renewals Value 66.00 90.40 85.00
Date December 31, 2016 April 20, 2023 June 30, 2025
Comment
Percentage of new student loans given to Indigenous, afro-Colombians, and Roma people (Percentage, Custom) Value 5.40 33.30 30.00
Date December 31, 2016 April 20, 2023 June 30, 2025
Comment

Percentage of users of the PACES credit lines who communicated with ICETEX who were satisfied or highly satisfied with the service received	Value	72.00	68.10	75.00
	Date	December 31, 2019	April 20, 2023	June 30, 2025
	Comment

Percentage of new student loans granted to people included in the Victims’ Registry - RUV Value 4.30 24.30 20.00
Date December 31, 2016 April 20, 2023 June 30, 2025
Comment
Percentage of new loans granted to students from 'remote municipalities' Value 4.90 40.00 40.00
Date December 31, 2016 April 20, 2023 June 30, 2025
Comment
Percentage of ACCES and PACES students whose cause for entering repayment period is graduation or coursework completion Value 69.50 70.40 70.00
Date December 31, 2019 April 20, 2023 June 30, 2025
Comment
Number of Beneficiaries from Passport to Science Value 0.00 246.00 190.00
Date December 30, 2016 April 20, 2023 December 1, 2023
Comment
Number of Beneficiaries from Passport to Science who successfully complete their programs Value 0.00 106.00 150.00
Date December 30, 2016 April 20, 2023 December 1, 2023
Comment
Proportion of female new students from disadvantaged socioeconomic backgrounds obtaining an ICETEX student loan Value 56.00 58.30 58.00
Date December 31, 2015 May 8, 2018 February 28, 2022
Comment
Female beneficiaries Value 56.00 57.60 58.00
Date December 31, 2015 May 8, 2018 February 28, 2022
Comment
Students benefiting from direct interventions to enhance learning - Female Value 157360.00 167033.00 164186.00
Date
Comment

Number of students from disadvantaged backgrounds enrolled in tertiary education	Value	961348.00	1452456.00	1520000.00
	Date	December 31, 2015	April 20, 2023	June 30, 2025
	Comment

Non-Performing Loans (NPL) Ratio	Value	15.15	5.40	8.20
	Date	September 30, 2016	April 20, 2023	June 30, 2025
	Comment

Number of new students from disadvantaged socioeconomic backgrounds obtaining an ICETEX student loan	Value	22696.00	30244.00	16000.00
	Date	December 31, 2015	April 20, 2023	June 30, 2025
	Comment

Debt Recovery Ratio	Value	2.20	1.26	3.50
	Date	September 30, 2016	April 20, 2023	December 1, 2023
	Comment

Percentage of ICETEX earnings from alternative sources of funding	Value	10.00	7.40	7.00
	Date	September 30, 2016	April 20, 2023	June 30, 2025
	Comment

Percentage of new student loans given to students enrolled in accredited higher education institutions or programs	Value	40.60	67.60	65.00
	Date	December 31, 2016	April 20, 2023	June 30, 2025
	Comment

Direct project beneficiaries	Value	281000.00	284395.00	310000.00
	Date	December 31, 2016	April 20, 2023	June 30, 2025
	Comment

Number of new student loans given to students who obtain a central government subsidy	Value	22000.00	18689.00	11000.00
	Date	December 31, 2015	April 20, 2023	June 30, 2025
	Comment

Percentage of ICETEX student loan renewals	Value	66.00	90.40	85.00
	Date	December 31, 2016	April 20, 2023	June 30, 2025
	Comment

Percentage of new student loans granted to people included in the Victims’ Registry - RUV	Value	4.30	24.30	20.00
	Date	December 31, 2016	April 20, 2023	June 30, 2025
	Comment

Students benefiting from direct interventions to enhance learning - Female	Value	157360.00	167033.00	164186.00
	Date
	Comment

Percentage of new loans granted to students from 'remote municipalities'	Value	4.90	40.00	40.00
	Date	December 31, 2016	April 20, 2023	June 30, 2025
	Comment

Percentage of ACCES and PACES students whose cause for entering repayment period is graduation or coursework completion	Value	69.50	70.40	70.00
	Date	December 31, 2019	April 20, 2023	June 30, 2025
	Comment

Proportion of female new students from disadvantaged socioeconomic backgrounds obtaining an ICETEX student loan	Value	56.00	58.30	58.00
	Date	December 31, 2015	May 8, 2018	February 28, 2022
	Comment

Female beneficiaries	Value	56.00	57.60	58.00
	Date	December 31, 2015	May 8, 2018	February 28, 2022
	Comment

Access and Quality in Higher Education Project - PACES

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

Stay Connected, sign up for our:

Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

Detailed Financial Activity as of February 28, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INTERMEDIATE RESULTS INDICATORS