Costa Rica Higher Education Improvement Project

Abstract*

The objectives of the Higher Education Improvement Project for Costa Rica are to improve access and quality, to increase investments in innovation and scientific and technological development, as well as to upgrade institutional management, all in Costa Rica's public higher education system. There are two components to the project, the first component being institutional improvement agreements. The objectives of this component will be: (i) to help... Show More

Development Objective

The objectives of the Project are to improve access and quality, to increase investments in innovation and scientific and technological development, as well as to upgrade institutional management, all in Costa Rica’s public higher education system.

Key Details

Project Details

Project ID
P123146
Status
Closed
Team Leader
Marcelo Becerra
Borrower 2
Republic of Costa Rica

Country
Costa Rica
Disclosure Date
August 4, 2011
Approval Date
(as of board presentation)
September 27, 2012
Effective Date
July 31, 2013

Total Project Cost 1
US$ 253.30 million
Implementing Agency
CONARE
Region
Latin America and Caribbean
Fiscal Year 3
2013

Commitment Amount
US$ 200.00 million
Environmental Category
B
Last Update Date
September 28, 2021
Closing Date
December 31, 2019

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED

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 - Environment and Natural Resource Management

FY17 - Climate change1%
- FY17 - Mitigation1%

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
Borrower/Recipient	53.30
International Bank for Reconstruction and Development	200.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	200.00
IDA Commitment	N/A
IBRD + IDA Commitment	200.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	253.30

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$)
Jun 27, 2017	IBRD-81940	Loan Disb	15,000,000.00
May 5, 2017	IBRD-81940	Loan Disb	5,100,000.00
Apr 15, 2017	IBRD-81940	Int Charges	5,647.23
Apr 15, 2017	IBRD-81940	Int Charges	915,962.20
Nov 30, 2017	IBRD-81940	Loan Disb	2,000,000.00
Oct 15, 2017	IBRD-81940	Loan Repay	2,342,276.80
Oct 15, 2017	IBRD-81940	Int Charges	1,317,355.50
Oct 15, 2015	IBRD-81940	Loan Disb	963,000.00
Nov 25, 2015	IBRD-81940	Loan Disb	5,927,000.00
Dec 8, 2015	IBRD-81940	Loan Disb	4,300,000.00
Sep 22, 2015	IBRD-81940	Loan Disb	533,000.00
Apr 15, 2016	IBRD-81940	Int Charges	480.14
Apr 15, 2016	IBRD-81940	Int Charges	185,881.47
Apr 13, 2016	IBRD-81940	Loan Disb	4,500,000.00
Feb 17, 2016	IBRD-81940	Loan Disb	1,095,900.00
Nov 30, 2016	IBRD-81940	Loan Disb	2,000,000.00
Jun 21, 2016	IBRD-81940	Loan Disb	8,800,000.00
May 11, 2016	IBRD-81940	Loan Disb	6,600,000.00
May 20, 2016	IBRD-81940	Loan Disb	1,956,995.00
Sep 30, 2016	IBRD-81940	Loan Disb	2,000,000.00
Oct 15, 2016	IBRD-81940	Int Charges	3,063.74
Oct 3, 2014	IBRD-81940	Loan Disb	390,162.03
Oct 14, 2014	IBRD-81940	Loan Disb	1,700,000.00
Oct 8, 2014	IBRD-81940	Loan Disb	46,430.06
Dec 15, 2014	IBRD-81940	Loan Disb	2,439,631.00
Oct 15, 2014	IBRD-81940	Int Charges	563.66
Oct 15, 2014	IBRD-81940	Int Charges	8,246.69
Oct 15, 2014	IBRD-81940	Loan Disb	500,000.00
Oct 1, 2014	IBRD-81940	Loan Disb	2,500,000.00
Sep 18, 2013	IBRD-81940	Fee Charges	500,000.00
May 15, 2014	IBRD-81940	Loan Disb	250,000.00
Mar 24, 2014	IBRD-81940	Loan Disb	500,000.00
Apr 9, 2014	IBRD-81940	Loan Disb	500,000.00
Feb 28, 2014	IBRD-81940	Loan Disb	20,000.00
Sep 8, 2014	IBRD-81940	Loan Disb	2,441,000.00
Jun 30, 2015	IBRD-81940	Loan Disb	1,998,000.00
Jan 7, 2016	IBRD-81940	Loan Disb	1,700,000.00
Apr 15, 2015	IBRD-81940	Int Charges	4,840.88
Apr 15, 2015	IBRD-81940	Int Charges	69,866.76
Jul 31, 2015	IBRD-81940	Loan Disb	726,000.00
Oct 15, 2015	IBRD-81940	Int Charges	91,435.52
Sep 27, 2012	IBRD-81940	Loan Commitment	200,000,000.00
Apr 15, 2024	IBRD-81940	Int Charges	5,010,773.50
Apr 15, 2024	IBRD-81940	Loan Repay	3,925,565.20
Apr 15, 2023	IBRD-81940	Int Charges	4,289,942.50
Apr 15, 2023	IBRD-81940	Loan Repay	3,925,565.20
Oct 15, 2023	IBRD-81940	Int Charges	4,787,129.50
Oct 15, 2023	IBRD-81940	Loan Repay	3,925,565.20
Oct 15, 2022	IBRD-81940	Int Charges	2,036,347.10
Oct 15, 2022	IBRD-81940	Loan Repay	3,925,565.20
Aug 27, 2021	IBRD-81940	Loan Disb	-679,356.00
Aug 27, 2021	IBRD-81940	Loan Cancel	6,465,458.50
Apr 15, 2022	IBRD-81940	Loan Repay	3,925,565.20
Apr 15, 2022	IBRD-81940	Int Charges	943,169.50
Apr 15, 2022	IBRD-81940	Int Charges	1,128.12
Apr 15, 2021	IBRD-81940	Int Charges	1,054,190.90
Apr 15, 2021	IBRD-81940	Loan Repay	3,942,127.20
Apr 15, 2021	IBRD-81940	Int Charges	17,488.51
Oct 15, 2021	IBRD-81940	Loan Repay	3,942,127.20
Oct 15, 2021	IBRD-81940	Int Charges	1,026,130.20
Apr 15, 2020	IBRD-81940	Loan Repay	4,076,064.00
Apr 15, 2020	IBRD-81940	Int Charges	2,776,179.80
Oct 15, 2020	IBRD-81940	Int Charges	2,016,412.00
Oct 15, 2020	IBRD-81940	Loan Repay	4,076,064.00
Aug 27, 2020	IBRD-81940	Loan Disb	-4,168,597.20
Aug 27, 2020	IBRD-81940	Loan Disb	-1,375,480.10
Aug 27, 2020	IBRD-81940	Loan Disb	-2,497.77
Aug 27, 2020	IBRD-81940	Loan Disb	-215,175.06
Jul 16, 2019	IBRD-81940	Loan Disb	3,810,000.00
May 6, 2019	IBRD-81940	Loan Disb	3,300,000.00
Jun 21, 2019	IBRD-81940	Loan Disb	4,922,706.50
Jun 4, 2019	IBRD-81940	Loan Disb	7,045,100.00
Apr 15, 2019	IBRD-81940	Int Charges	3,079,904.20
Apr 15, 2019	IBRD-81940	Loan Repay	3,628,166.80
Oct 15, 2019	IBRD-81940	Loan Repay	20.00
Oct 15, 2019	IBRD-81940	Int Charges	3,323,462.50
Oct 15, 2019	IBRD-81940	Loan Repay	4,049,010.50
Nov 12, 2019	IBRD-81940	Loan Disb	922,005.00
Aug 8, 2019	IBRD-81940	Loan Disb	315,000.00
Aug 29, 2019	IBRD-81940	Loan Disb	-653,130.30
Aug 29, 2019	IBRD-81940	Loan Disb	653,130.30
Dec 10, 2019	IBRD-81940	Loan Disb	297,000.00
May 21, 2018	IBRD-81940	Loan Disb	4,500,000.00
Jan 24, 2019	IBRD-81940	Loan Disb	3,000,000.00
Oct 25, 2018	IBRD-81940	Loan Disb	2,100,000.00
Oct 15, 2018	IBRD-81940	Int Charges	53,045.67
Oct 15, 2018	IBRD-81940	Int Charges	2,884,604.80
Oct 15, 2018	IBRD-81940	Loan Repay	3,455,656.80
Jan 9, 2019	IBRD-81940	Loan Disb	3,000,000.00
Oct 24, 2017	IBRD-81940	Loan Disb	4,500,000.00
Jan 29, 2018	IBRD-81940	Loan Disb	6,750,000.00
Sep 14, 2017	IBRD-81940	Loan Disb	5,100,000.00
Nov 27, 2017	IBRD-81940	Loan Disb	14,000,000.00
Feb 16, 2018	IBRD-81940	Loan Disb	10,000,000.00
Feb 28, 2018	IBRD-81940	Loan Disb	3,800,000.00
Apr 15, 2018	IBRD-81940	Int Charges	16,072.88
Apr 15, 2018	IBRD-81940	Int Charges	1,779,863.80
Apr 15, 2018	IBRD-81940	Loan Repay	3,002,216.80
Jul 27, 2018	IBRD-81940	Loan Disb	3,500,000.00
Oct 15, 2016	IBRD-81940	Int Charges	442,866.12
Dec 13, 2016	IBRD-81940	Loan Disb	6,000,000.00
Feb 2, 2017	IBRD-81940	Loan Disb	3,000,000.00
Oct 4, 2016	IBRD-81940	Loan Disb	7,000,000.00
Dec 9, 2016	IBRD-81940	Loan Disb	20,126,718.00
Jun 27, 2017	IBRD-81940	Loan Disb	6,500,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Procurement	Moderately Satisfactory	2019-12-23
Project Management	Satisfactory	2019-12-23
Financial Management	Moderately Satisfactory	2019-12-23
Progress towards achievement of PDO	Satisfactory	2019-12-23
Monitoring and Evaluation	Satisfactory	2019-12-23
Overall Implementation Progress (IP)	Moderately Satisfactory	2019-12-23
Counterpart Funding	Satisfactory	2019-12-23

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-20-2020
Outcomes	Substantial
Risk to Development Outcome
Bank Performance	Highly Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 03-02-2021	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Satisfactory	N/a
Borrower Performance		N/a
Government Performance	Not Rated	N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality	Substantial	N/a

Results Framework