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Chile's Housing Subsidy Program : Preliminary Indications of Results (Inglês)

In order to understand the operational context within which the project was developed, a brief review of Bank operations in the sector is provided. Over the past two decades, as rapid urbanization continued in the borrowing countries, Bank financing for urban operations grew significantly in both real, and relative terms. Compared to an annual output of two urban loans (Turkey Urban Development and Senegal Sites and Services), for United States (U.S.) 10.3 million dollars in 1972, 19 new loans were made by the Bank during 1988 for a total of U.S. 2.01 billion dollars. As a share of total Bank lending, urban loans grew from less than 1 percent in 1972 to over 10 percent in 1988. Including emergency reconstruction projects, about 152 urban loans were made since 1972 for approximately U.S. 8.4 billion dollars. Over the years shelter related loans, for example, integrated urban development and sites and services, made up about 66 percent of the Bank's urban lending program. Chile~^!!^s housing program presented the opportunity for addressing a wide range of shelter issues from a macro oriented position emphasizing financial and administrative sector issues.


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    Documento de Trabalho

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    América Latina e Caribe,

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    Chile's Housing Subsidy Program : Preliminary Indications of Results

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