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WASHINGTON, April 25, 2023 – The World Bank Group's Board today approved US$125.3 million in financing for the "Weaving Supports for Educational Excellence (TAPE, for its initials in Spanish) project" to improve learning environments and strengthen institutional frameworks for education quality.
"TAPE is a fundamental project for the education system in Paraguay, which will progressively improve educational outcomes. With TAPE (Path in Guarani language), we are paying off a historic debt in terms of financing key infrastructure, which will ensure adequate learning environments for skill building for both students and teachers," said Nicolás Zárate, Minister of Education and Science of Paraguay.
TAPE will benefit approximately 400,000 students, especially those attending schools with vulnerable infrastructure, as well as about 14,500 teachers in service and in selected teacher training institutes that will become pilot centers for specialized training. In addition, around 500 staff and technicians from the Ministry of Education and Sciences (MEC) will also be trained to contribute to improving the quality and efficiency of the education sector.
"We are honored to work alongside the Paraguayan government to support significant improvements in the infrastructure of the education sector. We welcome the special focus on serving the most vulnerable populations, including indigenous, rural populations, and students with special needs," said Marianne Fay, World Bank Regional Director for the Southern Cone. "At the World Bank, we are committed to supporting Paraguay's efforts to lay the foundations for sustainable and inclusive development, working in one of the central issues of Human Capital."
The project is financed by a US$125.3 million World Bank loan and a US$54.7 million contribution from the Paraguayan state through the Fund for Excellence in Education and Research (FEEI) for a total of US$180 million. The variable-interest loan has a final maturity of 24 years, including a 6-year grace period.
The World Bank in Paraguay
The World Bank is a strategic development partner of Paraguay, providing financing, analysis and technical assistance for over 70 years. The current portfolio of $775 million focuses on improving market access for agricultural producer organizations and indigenous communities; (ii) providing budget support for resilient, sustainable and inclusive economic growth; (iii) improve the quality and safety of selected routes; and (iv) strengthening primary care in health services.
Dora Cristaldo Raskin
Yuri Szabo Yamashita
About The World Bank
The World Bank Group has a bold vision: to create a world free of poverty on a livable planet. In more than 100 countries, the World Bank Group provides financing, advice, and innovative solutions that improve lives by creating jobs, strengthening economic growth, and confronting the most urgent global challenges. For more information, please visit www.worldbank.org, www.miga.org, and www.ifc.org.
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