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$100 million loan for education in Dominican Republic
posted on: Feb 6 2010 8:30 by Royston. Viewed 123 times.
The Dominican Republic will improve performance and effectiveness in elementary and secondary education with a $100 million conditional credit line for investment projects (CCLIP) approved by the Inter-American Development Bank (IADB), which includes an initial $50 million loan.
Under the program, large elementary and secondary schools will increase instruction time, improve grade advancement rates, alleviate classroom overcrowding in low-income districts, and boost reading, writing, and mathematics learning achievements in the first cycle of elementary schools.
In order to achieve these goals, the funds will finance construction of 34 fully-equipped secondary schools, each with an average 14 classrooms; refurbishing work at more than 200 elementary schools; and stocking of 3,000 individual classroom libraries with 80 book titles each.
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