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- W2783191118 abstract "The objectives of the Reducing Inequality of Educational Opportunity Project for Mexico are: (a) to improve parental competencies in early childhood development in targeted rural communities; and (b) increase the transition rate from the primary to the secondary education level in CONAFE administered schools in targeted municipalities. The restructuring would cancel US$30M (20 percent) of the original loan amount of US$150M and will adjust the disbursement estimates accordingly, component costs, and disbursement category amounts. The partial cancellation is needed to respond to the substantial change in the dollar-peso exchange rate since project appraisal, which has increased significantly. A subsequent restructuring due by February 2018 would adjust the Project activities and indicator targets as a result of the partial cancellation. Since the baseline and target values for the updated indicators will not be available by CONAFE until January 2018, the second restructuring would be processed once the indicator values are finalized and provided to the Bank. This is the first restructuring of this Project and will be a level two restructuring. The changes were discussed with the Government of Mexico (GoM) during the mid-term review mission held from September 6-8, 2017 and recorded in the corresponding Aide Memoire. The GoM sent a formal request for the partial loan cancellation on October 27, 2017. Once the first restructuring is approved, it will be effective as of the date of receipt of the request." @default.
- W2783191118 created "2018-01-26" @default.
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- W2783191118 date "2018-01-10" @default.
- W2783191118 modified "2023-09-27" @default.
- W2783191118 title "Mexico - Reducing Inequality of Educational Opportunity Project : restructuring" @default.
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