| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 160.00 |
Additional Financing for Access and Quality in Higher Education Project - PACES
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
P166177
Active
Pedro Cerdan-Infantes , Javier Botero Alvarez
Instituto Colombiano de Crédito Educativo y Estudios Técnicos en El Exterior (ICETEX)
February 6, 2018
(as of board presentation)
March 29, 2018
N/A
US$ 160.00 million
ICETEX
2018
US$ 160.00 million
C
September 18, 2023
June 30, 2025
No
BANK APPROVED
Finances
Financing Plan (US$ Millions)
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** | 160.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
Detailed Financial Activity as of March 31, 2025
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 0.00 1222876.00 Date December 31, 2015 February 28, 2022 Comment Percentage of students from disadvantaged backgrounds enrolled in tertiary education who are enrolled in accredited programs or institutions. Value 23.00 0.00 33.80 Date December 30, 2015 February 28, 2022 Comment Percentage of tertiary education institutions participating in the Research Ecosistem projects that increase their score in a composite index of quality of research, teaching, and internationalization Value 0.00 0.00 80.00 Date December 30, 2015 December 18, 2017 February 28, 2022 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 0.00 8.00 Date December 30, 2015 December 18, 2017 February 28, 2022 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Non-Perfoming Loans (NPL) Ratio Value 15.15 12.94 12.50 Date September 30, 2016 June 30, 2017 February 28, 2022 Comment Percentage of ICETEX earnings from alternative sources of funding Value 10.00 12.60 20.00 Date September 30, 2016 November 30, 2017 February 28, 2022 Comment Impact evaluations (IEs) have been designed and completed Value ACCESS II Impact Evaluation Completed and Publishe ACCESS II Impact Evaluation not yet completed nor Final Report of PACES Impact Evaluation Date December 31, 2016 December 6, 2017 February 28, 2022 Comment Direct project beneficiaries Value 281000.00 298805.00 322000.00 Date December 31, 2015 November 30, 2017 February 28, 2022 Comment Percentage of Research Ecosystems that accomplish 80% of their progress and result indicators Value 0.00 0.00 80.00 Date December 31, 2016 December 6, 2017 February 28, 2022 Comment Number of students from low socioeconomic strata who obtain a loan with ICETEX Value 40786.00 34589.00 46080.00 Date December 31, 2015 October 31, 2017 February 28, 2022 Comment Percentage of students with an ICETEX loan who graduate Value 0.00 0.00 0.00 Date June 30, 2017 February 28, 2022 Comment Percentage of ICETEX student loan renewals Value 66.00 79.60 71.00 Date December 31, 2015 December 30, 2016 February 28, 2022 Comment Number of Beneficiaries from Passport to Science Value 0.00 44.00 190.00 Date December 30, 2016 October 31, 2017 February 28, 2022 Comment Number of Beneficiaries from Passport to Science who successfully complete their programs Value 0.00 0.00 150.00 Date December 30, 2016 December 6, 2017 February 28, 2022 Comment Debt Recovery Ratio Value 2.20 2.51 3.50 Date September 30, 2016 November 30, 2017 February 28, 2022 Comment Progress in the accomplishment of accreditation stages for non-accredited institutions in Research Ecosystems Value 0.00 0.00 100.00 Date June 30, 2017 December 7, 2017 February 28, 2022 Comment Increase in the number of Research Outputs of the Research Ecosystems Value 0.00 0.00 100.00 Date December 30, 2016 December 7, 2017 February 28, 2022 Comment Female Beneficiaries Value 56.00 58.40 56.00 Date December 31, 2015 November 30, 2017 February 28, 2022 Comment Female beneficiaries Value 56.00 57.50 56.00 Date December 31, 2015 November 30, 2017 February 28, 2022 Comment Number of new students from disadvantaged socioeconomic backgrounds obtaining an ICETEX student loan Value 22696.00 27472.00 26000.00 Date December 31, 2015 November 30, 2017 February 28, 2022 Comment Number of new student loans given to students who obtain a central government subsidy Value 22000.00 20645.00 20000.00 Date December 31, 2015 November 30, 2017 February 28, 2022 Comment Number of new students from disadvantaged socioeconomic backgrounds obtaining an ICETEX student loan through a partnership o administrative fund Value 0.00 714.00 15000.00 Date December 31, 2015 November 30, 2017 February 28, 2022 Comment Percentage of new student loans given to indigenous, afro-Colombians, and Roma people Value 5.40 19.69 7.50 Date December 31, 2015 October 31, 2017 December 31, 2021 Comment Percentage of new student loans given to victims of violence Value 4.30 7.97 6.20 Date December 31, 2015 October 31, 2017 December 31, 2021 Comment Number of new student loans given to students enrolled in accredited higher education institutions or programs Value 44.00 50.00 100.00 Date December 31, 2015 December 18, 2017 December 31, 2021 Comment Geographic distribution of financed loans to new students in 'remote areas' Value 4.90 2.93 7.00 Date December 31, 2015 October 31, 2017 December 31, 2021 Comment Number of researchers participating in projects supported by Competitive Research Grants in Research Ecosystems Value 0.00 0.00 160.00 Date December 30, 2016 December 7, 2017 February 28, 2022 Comment Number of researchers from non-accredited universities participating in projects supported by Competitive Research Grants in Eco-sistema Cientifico Value 0.00 0.00 40.00 Date December 30, 2016 December 7, 2017 February 28, 2022 Comment