The World Bank approved the “Improving Inclusion in Secondary and Higher Education” project for US$$341 million to support initiatives aimed at reducing dropout rates in compulsory and higher education and strengthening evaluation systems.
While access to secondary education is almost universal in Argentina, approximately half of the students who start secondary school do not complete it on time, and only a third of low-income students do so. The enrollment rate begins to decrease significantly after students turn 15. At that age, learning deficits are considerable: more than two-thirds of young people can’t solve simple math problems and half of them can’t comprehend basic texts.
The project will focus on monitoring the educational pathway of each young person and will seek to provide information in real time on their school attendance in order to provide the help they need beyond financial support to complete their studies.
“Preparing young people for the jobs of the future is key to increasing productivity and innovation, and to contributing to the long-term inclusive growth of the country,” said Jesko Hentschel, World Bank Director for Argentina, Paraguay, and Uruguay.
The “Improving Inclusion in Secondary and Higher Education” project will be financed by a US$341 million fixed margin loan with a maturity of 32 years and a grace period of 7 years.
Original source: World Bank
Published on 28 June 2019
