CABEI approves technical cooperation to formulate project to build and equip 60 educational centers in Costa Rica


• A consultancy will analyze the costs and socioeconomic impact of the "Educational Infrastructure and Equipment Project for schools located in areas of extreme poverty", which is expected to benefit more than 14,000 children.

San José, September 9, 2021.- The Central American Bank for Economic Integration (CABEI) approved non-reimbursable technical cooperation in the amount of US$95,000 to support and assist the Costa Rican Ministry of Education in the planning, preparation, cost analysis and socioeconomic evaluation of financing for the construction and equipping of 60 schools in vulnerable conditions, in order to carry out feasibility studies.

The "Educational Infrastructure and Equipment Project for schools located in areas of extreme poverty" is expected to have a positive impact on more than 14,000 children of school age in six of the country's seven provinces: Puntarenas, Limón, Guanacaste, Alajuela and San José.

"Education is the main tool for new generations to get ahead and become part of the competitiveness of their countries. We are pleased to approve this cooperation with which the MEP will be able to determine the project's real costs, which we hope to finance next year for the benefit of thousands of Costa Rican students from indigenous and socially marginalized areas," explained CABEI Executive President Dr. Dante Mossi.

It is estimated that the study results will be ready in early 2022. The project is part of CABEI's Poverty Reduction and Social Exclusion Program, as well as its Human Development and Social Inclusion strategic axis, which generates social capacities to improve the well-being and quality of life in the Central American region.