| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 5.00 |
| Borrower/Recipient | 10.00 |
MILLENNIUM SCIENCE INITIATIVE PROJECT
Abstract*
The Millennium Science Initiative Project for Venezuela aims to strengthen the government'' capacity so that the country can gain access to global knowledge and improve its knowledge base in areas key to its economic and social development. The project demonstrates the effectiveness of transparent, merit-based allocation of procedures and investigator autonomy in improving the quality and efficiency of scientific research and training. The project... Show More
Development Objective
THE PROJECT WILL REVITALIZE THE VENEZUELAN NATIONAL INNOVATION SYSTEM THROUGH SUPPORT OF ADVANCED TRAINING OF HUMAN CAPITAL BY WORLD CLASS SCIENTISTS ENGAGED IN CUTTING EDGE RESEARCH. THE PROJECT WILL PROVIDE THE NECESSARY T.A. AND FUNDING TO ESTABLISH AND STRENGTHEN CENTERS OF EXCELLENCE IN RESEARCH. LIL WAS NOT MENTIONED IN THE LATEST CAS.
Key Details
Project Details
P066749
Closed
Lauritz B. Holm-Nielsen
N/A
June 26, 2000
(as of board presentation)
June 26, 2000
April 10, 2001
US$ 15.00 million
N/A
2000
US$ 5.00 million
C
September 28, 2021
December 31, 2004
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 5.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 5.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 15.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jun 26, 2000 | IBRD-45720 | Loan Commitment | 5,000,000.00 |
Ratings
IMPLEMENTATION RATINGS
No data available.
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
| INDICATOR | ICR REVIEW: 07-28-2005 | PROJECT PERFORMANCE ASSESSMENT REPORT: |
|---|---|---|
| Outcome Rating | Satisfactory | N/a |
| Risk To Development Outcome | Not Rated | 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 | Not Rated | N/a |
Results Framework
No data available.