MX HIGHER ED. FINANCING

Abstract*

The Higher Education Financing Project aims to assist Mexico in promoting greater equity and quality in the preparation of university graduates. The project has two components. The first component develops a private sector student loan program to improve access to private education for students who are academically qualified but financially needy. It designs selection criteria, decides the terms and conditions of student loans, and determines the... Show More

Development Objective

To assist the Government in promoting greater equity and quality in the preparation of university graduates.Specific goals are to: - improve access to higher education, particularly for academically qualified but financially needy students. - develop more effective and financially sustainable student loan institutions.To achieve these objectives, the project will support (1) the development of a private student loan agency (SOFES) and (2) the strengthening of the Sonora Student Loan Institute.

Key Details

Project Details

Project ID
P049895
Status
Closed
Team Leader
Andreas Blom
Borrower 2
N/A

Country
Mexico
Disclosure Date
May 12, 1997
Approval Date
(as of board presentation)
June 4, 1998
Effective Date
October 13, 1999

Total Project Cost 1
US$ 287.90 million
Implementing Agency
N/A
Region
Latin America and Caribbean
Fiscal Year 3
1998

Commitment Amount
US$ 180.20 million
Environmental Category
C
Environmental and Social Risk
Not Applicable
Closing Date
December 31, 2006

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 - Education102%
- FY17 - Access to Education38%
- FY17 - Education Financing25%
- FY17 - Science and Technology13%
- FY17 - Standards, Curriculum and Textbooks13%
- FY17 - Teachers13%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	180.20

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	180.20
IDA Commitment	N/A
IBRD + IDA Commitment	180.20

Lending Instrument
Grant Amount	N/A
Total Project Cost**	287.90

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

No data available.

Detailed Financial Activity as of July 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Aug 15, 2013	IBRD-43320	Int Charges	29,898.19
Aug 15, 2013	IBRD-43320	Loan Repay	9,010,000.00
Jun 4, 1998	IBRD-43320	Loan Commitment	180,200,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Satisfactory	2007-01-16
Procurement	Satisfactory	2007-01-16
Financial Management	Satisfactory	2007-01-16
Project Management	Satisfactory	2007-01-16
Counterpart Funding	Satisfactory	2007-01-16
Monitoring and Evaluation	Highly Satisfactory	2007-01-16
Overall Implementation Progress (IP)	Highly Satisfactory	2007-01-16

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-28-2007
Outcomes	Substantial
Risk to Development Outcome	Modest
Bank Performance	Substantial
Borrower Performance	Substantial
Government Performance	Substantial
Implementing Agency	Substantial

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 09-26-2007	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome	Moderate	N/a
Bank Performance	Satisfactory	N/a
Borrower Performance	Satisfactory	N/a
Government Performance	Satisfactory	N/a
Implementing Agency	Satisfactory	N/a
Icr Quality	Satisfactory	N/a
M&e Quality	Substantial	N/a

Results Framework