The World Bank Report No: ISR9242 Implementation Status & Results Chile Tertiary Education Finance for Results Project III (P111661) Public Disclosure Copy Operation Name: Tertiary Education Finance for Results Project III (P111661) Project Stage: Implementation Seq.No: 2 Status: ARCHIVED Archive Date: 04-Feb-2013 Country: Chile Approval FY: 2012 Product Line: IBRD/IDA Region: LATIN AMERICA AND CARIBBEAN Lending Instrument: Specific Investment Loan Implementing Agency(ies): Key Dates Board Approval Date 13-Mar-2012 Original Closing Date 31-Oct-2016 Planned Mid Term Review Date Last Archived ISR Date 24-Jun-2012 Effectiveness Date Revised Closing Date 31-Oct-2016 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from Project Appraisal Document) The objective of the Project is to improve quality and relevance for students in tertiary education by strengthening the link between funding of tertiary education institutions and accountability for performance. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Performance Agreements 38.00 Policy Support and Project Management 2.00 Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Public Disclosure Copy Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Moderate Moderate Implementation Status Overview The Project is pending signature of the Loan Agreement and is not yet effective. Locations Country First Administrative Division Location Planned Actual Chile Region de Valparaiso Region de Valparaiso ✔ Page 1 of 5 The World Bank Report No: ISR9242 Chile Region de Tarapaca Region de Tarapaca ✔ Chile Region Metropolitana de Santiago Region Metropolitana de Santiago ✔ ✔ Public Disclosure Copy Chile Region del Maule Region del Maule ✔ Chile Region de Los Lagos Region de Los Lagos ✔ Chile Region del Libertador General Bernardo Region del Libertador General Bernardo ✔ O'Higgins O'Higgins Chile Region de Coquimbo Region de Coquimbo ✔ Chile Region del Biobio Region del Biobio ✔ Chile Region de Atacama Region de Atacama ✔ Chile Region de la Araucania Region de la Araucania ✔ Chile Region de Antofagasta Region de Antofagasta ✔ Chile Region Aisen del General Carlos Ibanez del Region Aisen del General Carlos Ibanez ✔ Campo del Campo Chile Region de Magallanes y de la Antartica Region de Magallanes y de la Antartica ✔ Chilena Chilena Chile Region de Arica y Parinacota Region de Arica y Parinacota ✔ Chile Region de Los Rios Region de Los Rios ✔ Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Number of full-time-equivalent faculty members Number Value 4148.00 4900.00 who hold PhDs Public Disclosure Copy Date 15-May-2011 31-Dec-2015 Comments Average actual duration of undergraduate Number Value 12.90 studies until the degree is awarded. Date 31-Dec-2011 Comments Semesters in Universities Average actual duration of undergraduate Number Value 9.30 studies until the degree is awarded. Date 31-Dec-2011 Comments Semesters in Professional Institutions (IPs) Page 2 of 5 The World Bank Report No: ISR9242 Average actual duration of undergraduate Number Value 7.20 studies until the degree is awarded. Date 31-Dec-2011 Comments Semesters in Technical Public Disclosure Copy Training Centers (CFTs) Retention rate: first-year undergraduate Percentage Value 69.50 76.00 students that remain at the institution in the Date 31-Dec-2010 31-Dec-2015 second year. Comments Employers’ perception of quality and relevance Text Value of graduates of MECESUP 3-supported TEIs, Date as a proxy for increased employability Comments andwage premiums. Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Number of signed performance agreements. Number Value 0.00 18.00 Date 31-Dec-2011 31-Dec-2013 Comments Teacher training Number of signed performance agreements. Number Value 0.00 19.00 Date 31-Dec-2011 31-Dec-2013 Comments Academic Innovation Academic Innovation Number of signed performance agreements. Number Value 0.00 15.00 Date 31-Dec-2011 31-Dec-2013 Comments Technical & Professional Technical & Professionals Number of signed performance agreements. Number Value 0.00 38.00 Date 31-Dec-2011 31-Dec-2013 Comments Small Projects Small Projects Rate of fulfillment of indicators included in the Percentage Value 0.00 Public Disclosure Copy CDs Date Comments Direct project beneficiaries Number Value 0.00 Date Comments Female beneficiaries Percentage Value 0.00 Sub Type Supplemental Page 3 of 5 The World Bank Report No: ISR9242 Number of students completing remediation Number Value classes. Date Comments Public Disclosure Copy Number of full-time-equivalent faculty members Number Value who hold PhDs in pedagogy schools. Date Comments Number of graduates from domestic PhD Number Value 433.00 530.00 programs Date 31-Dec-2011 31-Dec-2015 Comments Number of new technical programs. Number Value Date Comments Number of policy notes and studies carried out. Number Value 0.00 3.00 Date 31-Dec-2011 31-Dec-2015 Comments Data on Financial Performance (as of 14-Mar-2012) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P111661 IBRD-81260 Not Effective 13-Mar-2012 31-Oct-2016 31-Oct-2016 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P111661 IBRD-81260 Not Effective USD 40.00 40.00 0.00 0.00 40.00 0.00 Disbursement Graph Public Disclosure Copy Page 4 of 5 The World Bank Report No: ISR9242 Public Disclosure Copy Key Decisions Regarding Implementation The decree authorizing the Minister of Finance to sign the Loan Agreement was approved and published by the Government of Chile on August 10, 2012. Restructuring History There has been no restructuring to date. Related Projects There are no related projects. Public Disclosure Copy Page 5 of 5