![US$40 million for Integrated Development of Primary Education in Ecuador US$40 million for Integrated Development of Primary Education in Ecuador](/media/29571/alcaldefirma_ambato_8mar_directoriocxx.jpg)
US$40 million for Integrated Development of Primary Education in Ecuador
The Andean Development Corporation (CAF) today approved a financial operation for US$40 million in favor of Ecuador, destined for the first stage of the Integrated Development Project for Primary Education, to be executed by the Ministry of Education and Culture with a total cost of US$57 million.
CAF President & CEO Enrique García said that the new operation would promote greater equity in the region, in the framework of CAF’s actions to support the building of social and human capital through education.
In this context, García said that, "the education sector is an area that CAF serves from its Vice Presidency of Social and Environmental Development. The projects prepared under the program include the Andean Agenda for Education, which has promoted a space for reflection and discussion on education issues." In the private sector, CAF is studying the possibility of supporting projects in Ecuador and Colombia aimed at training human resources in priority areas.
Toward the Millennium Development Goals
The objectives of the project are to contribute to meeting the Millennium Development Goals assumed by the country in the education area by improving compulsory primary education in the framework of the strategy designed in Ecuador and based on the Third National Education Consultation Century XXI.
This innovative project is expected to improve the material conditions of the education service in at least 400 schools, support the classroom function of at least 3,000 teachers in preprimary and primary education, strengthen the capacity for education innovation by financing projects for management centers, and facilitate the process of partial decentralization of education in 10 or more municipalities. It is estimated that 100,000 children, teachers and parents will benefit directly from this initiative.
CAF has increased the level of its loan portfolio in Ecuador by 29%, representing 16% of total portfolio. In 2004 approvals averaged US$386 million and disbursements increased 26%.
CAF's more recent content
![CAF, JICA and Sicredi join forces to support women and rural producer CAF, JICA and Sicredi join forces to support women and rural producer](/media/4669796/foto_sicredi_divulgação_310724.jpg)
CAF, JICA and Sicredi join forces to support women and rural producer
The amount represents the largest international facility ever undertaken by Sicredi, with the involvement of four internationally renowned entities: Banco Finantia, BNP Paribas, Eco.business Fund, and Sumitomo Mitsui Banking Corporation (SMBC). The funds raised can also be used in regions with a Human Development Index below the national average.![CAF-FAO: Digitization project for agribusiness with repository launch CAF-FAO: Digitization project for agribusiness with repository launch](/media/4669830/caf-fao.png)
CAF-FAO: Digitization project for agribusiness with repository launch
The Food and Agriculture Organization of the United Nations (FAO), CAF -development bank of Latin America and the Caribbean-, the Ministry of Agriculture, Land and Fisheries and the Tobago House of Assembly celebrated the successful completion of the “Digitization and Innovation for the Competitiveness and Sustainability of the Agribusiness Sector in Trinidad and Tobago” project. The closing ceremony, that took place on the 29th of July, marked a significant milestone in the country's efforts to modernize and enhance the agricultural sector.![CAF recognizes Panama's water potential in the face of climate change CAF recognizes Panama's water potential in the face of climate change](/media/4669780/2_cuencas_hidro_caf_.jpg)