Providing loans for education

In thirty-three years of operations in Latin America and the Caribbean, the Inter-American Development Bank (IDB) has made 167 loans for US$2,700 million to finance education, science and technology projects costing a total of $5,300 million. Loans for education in 1993 include among others: $125 million to modernization of basic education and $15 million for a youth job training programme in Venezuela; $6.3 million and $46.5 million to primary education improvements in Paraguay; and $28 million to technical education improvements in Uruguay.

1. Providing loans

1. Providing loans to students
2. Establishing scholarship loan fund

1. Reducing uncertainty of development programmes due to short-term loans

1. Freeing up availability of loans

1. Unpaid debts
2. Unethical financial practices
3. Uncertainty of development programmes due to short-term loans
4. Reverse flow of financial aid
5. Restrictive conditions on loans through intergovernmental facilities
6. Racial discrimination in according financial loans
7. Over-dependency on international financial institutions
8. Limited availability of loans
9. Insufficient programme funding
10. Inadequate diversification of loans to vulnerable countries
11. Fraudulent loans
12. Excessive anxiety on overseas lending
13. Domination of restrictive project loans by transnational banks
14. Discrimination against women in banking
15. Deteriorating terms of international financial loans to vulnerable countries
16. Defaults on international loans
17. Bank fraud
18. Bad loans

1. Overeducation
2. Education