WASHINGTON — The Inter-American Development Bank (IDB) is lending $60 million to help Uruguay enhance access and quality in its secondary education system. This operation is the third under a Conditional Credit Line for Investment Projects approved in 2016 to finance a broader program of educational support for secondary students.
The new loan aims to lower drop-out rates and the share of students who repeat grades. The program, focusing on students in the most vulnerable situations, will also expand an educational model that extends school hours to provide more learning opportunities and reinforce student-school ties.
The program will counteract high absenteeism rates, which are more acute in vulnerable contexts. It will implement a tutoring plan for first-time scholarship students to support their transition and overcome learning gaps, focusing on the knowledge they need to continue progressing through their education. In pursuing this objective, the program will also strengthen information systems and attendance records by deploying better technological tools.
The program will directly benefit students in vulnerable situations with 60,000 scholarships and social and educational orientation activities. It will grant an additional 35,000 students the opportunity to attend extended school day centers.
The IDB loan has a 22.5-year repayment term, an 8-year grace period, and an interest rate based on the Secured Overnight Financing Rate (SOFR).
About the IDB
The Inter-American Development Bank (IDB), a member of the IDB Group, is devoted to improving lives across Latin America and the Caribbean. Founded in 1959, the Bank works with the region’s public sector to design and enable impactful, innovative solutions for sustainable and inclusive development. Leveraging financing, technical expertise, and knowledge, it promotes growth and well-being in 26 countries. Visit our website: www.iadb.org/en.
Salgado Derqui,Javier Jose
