Financing Education - PowerPoint PPT Presentation

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Financing Education

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Financing Education The World Bank Latin America and the Caribbean Region 23 July 2003 Outline Lending Challenges/strategies Future approach Volume of Total World ... – PowerPoint PPT presentation

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Title: Financing Education


1
Financing Education
  • The World Bank
  • Latin America and the Caribbean Region
  • 23 July 2003

2
Outline
  • Lending
  • Challenges/strategies
  • Future approach

3

Volume of World Bank LAC Specific Education
Lending
FY97-FY03
Number of Projects approved per year Number of Projects approved per year
FY97 2
FY98 11
FY99 4
FY00 3
FY01 7
FY02 6
FY03 7
Specific Education Lending FY03 U 432 million
4
Volume of Total World Bank LAC Education Lending
1,200
1,000
800
millions of U
600
400
200
0
1997
1998
1999
2000
2001
2002
2003
Specific
Adjustment
Total Education Lending FY03 U 772 million
5
Specific and Adjustment Education Lending for
LACFY02-FY03
Number of projects Number of projects Number of projects
FY02 FY03
Specific 6 7
Adjustment 3 6
Total 9 13
Total Education Lending FY02 U 710
million Total Education Lending FY03 U 772
million
6
Education Lending for LAC as a of total WB
education lending
7
Evolution of LAC Education Lending by Sub-Sector,
FY91-FY03
8
Total World Bank Lending Volume and Composition
FY02
Total WB Lending for FY02 U 19.5 billion
9
LAC Lending Volume and Composition FY02
Total LAC Lending for FY02 U 4.4 billion
10
Challenges
  • Basic education reaching last 10
  • Secondary
  • Quality
  • Post-secondary/lifelong learning
  • Research and innovation

11
Basic Education
  • Education For All - Fast Track Initiative
  • Four LAC countries selected
  • Honduras, Nicaragua, Bolivia, Guyana
  • Mainly IDA countries where completion will not be
    achieved without support

12
Secondary enrollment in LAC below world averages
13
But quality is poor...Outcomes uncorrelated with
income
14
Lifelong Learning/Post - Secondary
  • Chile
  • Reduce deficit of adults without complete basic
    or secondary education
  • Provision of adult education
  • Improve skill productivity of labor force
  • Improve international competitiveness
  • Develop new modalities articulating adult
    education and training for workers in small and
    medium size enterprises

15
Innovative Delivery
  • Utilizing the private sector
  • Demand-side finance
  • Student finance (higher education student loans)
  • Lifelong learning

16
Utilizing the Private Sector
  • Trinidad Tobago Public-private partnerships in
    child care
  • Colombia Private school vouchers for poor
  • Links between universities and private sector
    (Chile, Mexico, Brazil)

17
Student Finance
  • Colombia Higher Education Project
  • Redesign and expand student loan scheme
  • Enable needy but qualified students to attend
  • 100,000 beneficiaries (9 of total students)
  • Mexico Higher Education Financing Project
  • Improve, expand student loans in Sonora
  • Develop private sector student loan scheme
  • Improve access to higher education

18
Future
  • Service delivery
  • Basic
  • Quality
  • Governance
  • Knowledge economy
  • Secondary education
  • Sustainable higher education
  • Lifelong learning

19
Moving Forward
  • Market has strengths and weaknesses
  • Government has strengths and weaknesses
  • Draw on strengths of both market and government
  • Minimize weaknesses of both
  • Context-specific

20
Financing and Provision of Education
Provision Provision
Financing Private Public
Private Private Schooling Home Schooling User fees
Public Vouchers Charter Schools Contracting out Traditional Public Schools
21
Messages
  • Investigate the market for education
  • Demand and supply
  • Separate finance and provision
  • Role of private, NGO sector
  • New roles for
  • government, students, families, communities
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