strategy
Providing loans for education
Implementation:
In thirty-three years of operations in Latin America and the Caribbean, the Inter-American Development Bank (IDB) has made 167 loans for US$2,700 million to finance education, science and technology projects costing a total of $5,300 million. Loans for education in 1993 include among others: $125 million to modernization of basic education and $15 million for a youth job training programme in Venezuela; $6.3 million and $46.5 million to primary education improvements in Paraguay; and $28 million to technical education improvements in Uruguay. Broader:
Providing loans Facilitated by:
Freeing up availability of loans Problems:
Bad loansBank fraud
Defaults on international loans
Deteriorating terms of international financial loans to vulnerable countries
Discrimination against women in banking
Domination of restrictive project loans by transnational banks
Excessive anxiety on overseas lending
Fraudulent loans
Inadequate diversification of loans to vulnerable countries
Insufficient programme funding
Limited availability of loans
Over-dependency on international financial institutions
Racial discrimination in according financial loans
Restrictive conditions on loans through intergovernmental facilities
Reverse flow of financial aid
Uncertainty of development programmes due to short-term loans
Unethical financial practices
Unpaid debts
Values:
EducationOvereducation Organizations:
Inter-American Development Bank Type Classification:
D: Detailed strategies Related UN Sustainable Development Goals:
