Tertiary Education Finance for Results Project III

Abstract*

The objective of the Third Tertiary Education Finance for Results Project is to improve quality and relevance for students in tertiary education by strengthening the link between funding of tertiary education institutions and accountability for performance. There are two components to the project. The first component of the project is performance agreements. This component will make a provision of support to Tertiary Education Institution's (TEIs)... Show More

Development Objective

The objective of the Project is to improve quality and relevance for students in tertiary education by strengthening the link between funding of tertiary education institutions and accountability for performance.

Key Details

Project Details

Project ID
P111661
Status
Closed
Team Leader
Diego Ambasz
Borrower 2
Ministerio de Hacienda

Country
Chile
Disclosure Date
July 6, 2011
Approval Date
(as of board presentation)
March 13, 2012
Effective Date
June 20, 2013

Total Project Cost 1
US$ 100.00 million
Implementing Agency
Ministry of Education,DIVESUP (Division de Educacion Superior) in Ministry of Education
Region
Latin America and Caribbean
Fiscal Year 3
2012

Commitment Amount
US$ 40.00 million
Environmental Category
C
Environmental and Social Risk
Not Applicable
Closing Date
October 31, 2016

Last Stage Reached
BANK APPROVED
Last Update Date
September 28, 2021

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 Education25%
- FY17 - Science and Technology25%
- FY17 - Standards, Curriculum and Textbooks25%
- FY17 - Teachers25%

FY17 - Private Sector Development

FY17 - Jobs100%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	40.00
Borrower/Recipient	60.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	40.00
IDA Commitment	N/A
IBRD + IDA Commitment	40.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	100.00

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Aug 1, 2014	IBRD-81260	Int Charges	1,746.57
Dec 31, 2013	IBRD-81260	Loan Disb	8,766,869.00
Dec 30, 2013	IBRD-81260	Loan Disb	4,052,002.00
Jan 6, 2014	IBRD-81260	Loan Disb	-8,766,869.00
Dec 15, 2019	IBRD-81260	Loan Repay	5,009,056.00
Mar 13, 2012	IBRD-81260	Loan Commitment	40,000,000.00
Dec 31, 2013	IBRD-81260	Loan Disb	-4,052,002.00
Dec 15, 2019	IBRD-81260	Int Charges	143,607.45
Jun 15, 2020	IBRD-81260	Int Charges	60,854.01
Jun 15, 2020	IBRD-81260	Loan Repay	5,008,904.50
Jun 15, 2019	IBRD-81260	Int Charges	258,297.73
Jun 15, 2019	IBRD-81260	Loan Repay	5,009,056.00
Dec 15, 2017	IBRD-81260	Loan Repay	5,009,056.00
Dec 15, 2017	IBRD-81260	Int Charges	293,328.88
Jun 15, 2018	IBRD-81260	Int Charges	286,154.50
Jun 15, 2018	IBRD-81260	Loan Repay	5,009,056.00
Dec 15, 2018	IBRD-81260	Int Charges	305,550.10
Dec 15, 2018	IBRD-81260	Loan Repay	5,009,056.00
Dec 15, 2016	IBRD-81260	Loan Repay	4,936,759.00
Aug 26, 2016	IBRD-81260	Loan Disb	6,053,638.50
Jun 15, 2017	IBRD-81260	Int Charges	870.20
Jun 15, 2017	IBRD-81260	Int Charges	319,075.47
Jun 15, 2017	IBRD-81260	Loan Repay	5,009,056.00
Dec 15, 2015	IBRD-81260	Int Charges	98,357.18
Dec 21, 2015	IBRD-81260	Loan Disb	9,424,757.00
Jun 15, 2016	IBRD-81260	Int Charges	210,522.61
Nov 2, 2016	IBRD-81260	Loan Disb	505,929.34
Dec 15, 2016	IBRD-81260	Int Charges	271,662.12
Jun 15, 2015	IBRD-81260	Int Charges	56,784.94
Aug 13, 2015	IBRD-81260	Loan Disb	10,644,024.00
Jun 15, 2014	IBRD-81260	Int Charges	449.93
Jun 23, 2014	IBRD-81260	Loan Disb	13,271,651.00
Dec 19, 2014	IBRD-81260	Int Charges	53,319.11

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Procurement	Satisfactory	2016-10-24
Progress towards achievement of PDO	Satisfactory	2016-10-24
Project Management	Satisfactory	2016-10-24
Financial Management	Satisfactory	2016-10-24
Monitoring and Evaluation	Satisfactory	2016-10-24
Counterpart Funding	Satisfactory	2016-10-24
Overall Implementation Progress (IP)	Satisfactory	2016-10-24

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 04-27-2017
Outcomes	Moderately Satisfactory
Risk to Development Outcome	Negligible
Bank Performance	Moderately Satisfactory
Borrower Performance	Moderately Satisfactory
Government Performance	Moderately Satisfactory
Implementing Agency	Substantial

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 11-02-2017	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome	Negligible	N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance	Moderately Satisfactory	N/a
Government Performance	Moderately Satisfactory	N/a
Implementing Agency	Satisfactory	N/a
Icr Quality	Substantial	N/a
M&e Quality	Modest	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Number of full-time-equivalent faculty members who hold PhDs Value 5109.00 7883.00 7500.00
Date December 31, 2011 August 22, 2016 October 31, 2016
Comment
Retention rate: first-year undergraduate students that remain at the institution in the second year. Value 68.40 74.00 72.00
Date April 30, 2011 August 22, 2016 October 31, 2016
Comment
Percentage of students in teaching degrees with redesigned curricula including practical training (among TEIs with CDs). Value 0.00 56.70 25.00
Date March 31, 2015 August 22, 2016 October 31, 2016
Comment
Percentage of students in technical and professional degrees with redesigned curricula (among TEIs with CDs). Value 0.00 59.80 50.00
Date March 31, 2015 August 22, 2016 October 31, 2016
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Number of signed performance agreements. Value 0.00 95.00 29.00
Date December 31, 2011 August 22, 2016 October 31, 2016
Comment
Rate of fulfillment of indicators included in the CDs. Value 0.00 64.00 70.00
Date December 31, 2011 August 22, 2016 October 31, 2016
Comment
Direct project beneficiaries Value 0.00 243870.00 280000.00
Date December 31, 2011 August 22, 2016 October 31, 2016
Comment
Number of students completing remediation programs in TEIs with CDs. Value 33925.00 62890.00 65000.00
Date December 31, 2011 August 22, 2016 October 31, 2016
Comment
Number of graduates from domestic PhD programs supported by the Project Value 103.00 187.00 200.00
Date December 31, 2011 August 22, 2016 October 31, 2016
Comment
Percentage of teaching degrees with redesigned curricula in TEIs with CDs. Value 0.00 67.70 60.00
Date April 15, 2015 August 22, 2016 October 31, 2016
Comment
Number of technical and professional degrees with redesigned curricula in TEIs with CDs. Value 0.00 173.00 150.00
Date April 15, 2015 August 22, 2016 October 31, 2016
Comment
Number of policy notes and studies carried out. Value 0.00 3.00 3.00
Date December 31, 2011 August 22, 2016 October 31, 2016
Comment
Small Projects Value 0.00 72.00 12.00
Date December 31, 2011 August 22, 2016 October 31, 2016
Comment
Technical and Professional Value 0.00 8.00 5.00
Date December 31, 2011 August 22, 2016 October 31, 2016
Comment
Academic Innovation Value 0.00 7.00 6.00
Date December 31, 2011 August 22, 2016 October 31, 2016
Comment
Teacher Training Value 0.00 8.00 6.00
Date December 31, 2011 August 22, 2016 October 31, 2016
Comment
Female beneficiaries Value 0.00 45.00 51.00
Date December 31, 2011 August 22, 2016 October 31, 2016
Comment

Number of full-time-equivalent faculty members who hold PhDs	Value	5109.00	7883.00	7500.00
	Date	December 31, 2011	August 22, 2016	October 31, 2016
	Comment

Retention rate: first-year undergraduate students that remain at the institution in the second year.	Value	68.40	74.00	72.00
	Date	April 30, 2011	August 22, 2016	October 31, 2016
	Comment

Percentage of students in teaching degrees with redesigned curricula including practical training (among TEIs with CDs).	Value	0.00	56.70	25.00
	Date	March 31, 2015	August 22, 2016	October 31, 2016
	Comment

Direct project beneficiaries	Value	0.00	243870.00	280000.00
	Date	December 31, 2011	August 22, 2016	October 31, 2016
	Comment

Number of students completing remediation programs in TEIs with CDs.	Value	33925.00	62890.00	65000.00
	Date	December 31, 2011	August 22, 2016	October 31, 2016
	Comment

Number of graduates from domestic PhD programs supported by the Project	Value	103.00	187.00	200.00
	Date	December 31, 2011	August 22, 2016	October 31, 2016
	Comment

Small Projects	Value	0.00	72.00	12.00
	Date	December 31, 2011	August 22, 2016	October 31, 2016
	Comment

Technical and Professional	Value	0.00	8.00	5.00
	Date	December 31, 2011	August 22, 2016	October 31, 2016
	Comment

Academic Innovation	Value	0.00	7.00	6.00
	Date	December 31, 2011	August 22, 2016	October 31, 2016
	Comment

Teacher Training	Value	0.00	8.00	6.00
	Date	December 31, 2011	August 22, 2016	October 31, 2016
	Comment

Female beneficiaries	Value	0.00	45.00	51.00
	Date	December 31, 2011	August 22, 2016	October 31, 2016
	Comment