Porto Alegre Municipality to improve education quality with $80.8 million IDB loan
The project is expected to expand and advance children learning and fundamental education in the southern city, benefiting thousands of schoolchildren through the opening of more than 10,000 vacant positions as a result of infrastructure improvements in several establishments.
In addition to its facility-enhancement efforts, the program will support moves aimed at achieving integral improvements in education quality in order to advance children’s performance within the framework of an academic results-oriented educational management system.
To this end, a basic education curriculum redesign will be implemented that will include the adoption of a single curriculum with articulated programs. This curriculum will focus on educational stages and cycles transitioning and will favor an integral learning approach.
The project will also finance the acquisition of computer technology for classrooms and other school areas. All municipal schools will be provided with broadband internet access, helping promote and implement innovative solutions that support the teaching and learning processes of school authorities, teachers and students.
In order to ensure the success of these initiatives, a project-management unit will be created within the Municipality’s Education Secretariat and management-support services will be provided to the institution.
The IDB’s loan is for a 25-year term, with a 5.5-year grace period, at a LIBOR-based interest rate. The program includes an extra \\$80.8 million in local counterpart funds.
The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.