LAC has a rapidly growing student population from the emerging middle class and vulnerable segments who have limited or no access to good quality education. This project seeks to expand access to high-quality and affordable education in Colombia, Peru, Mexico and Chile, among others. To such end, it will support the structuring of Q2E, a venture capital fund focusing exclusively on technology based blended educational models. The project will have two components: a MIF equity investment of $5MM, and a technical assistance component of $395,000.00 in order to finance knowledge generation, supervision and evaluations.
Project Detail
Country
Regional
Project Number
RG-Q0032
Approval Date
July 17, 2013
Project Status
Cancelled
Project Type
Equity
Sector
EDUCATION
Subsector
VOCATIONAL & TECHNICAL EDUCATION
Lending Instrument
Instrumento del Fondo Multilateral de Inversiones
Lending Instrument Code
MIF
Modality
-
Facility Type
-
Environmental Classification
-
Total Cost
USD 20,000,000.00
Country Counterpart Financing
USD 15,000,000.00
Original Amount Approved
USD 5,000,000.00