Public Disclosure Copy The World Bank Implementation Status & Results Report ACCESS WITH QUALITY TO HIGHER EDUCATION PROJECT-ACCES II -SOP PHASE 2 (P145782) ACCESS WITH QUALITY TO HIGHER EDUCATION PROJECT-ACCES II -SOP PHASE 2 (P145782) LATIN AMERICA AND CARIBBEAN | Colombia | Education Global Practice | IBRD/IDA | Investment Project Financing | FY 2014 | Seq No: 2 | ARCHIVED on 29-Jan-2015 | ISR17051 | Implementing Agencies: Instituto Colombiano de Crédito Educativo y Estudios Técnicos en El Exterior (ICETEX) Key Dates Key Project Dates Board Approval date:01-Apr-2014 Effectiveness Date:-- Planned Mid Term Review Date:31-Jan-2017 Actual Mid-Term Review Date:-- Original Closing Date:30-Jun-2019 Revised Closing Date:30-Jun-2019 Project Development Objectives Project Development Objective (from Project Appraisal Document) The objective of the Project is to increase student enrollment, graduation and equity in higher education, by: (a) increasing the number of ACCES Student Loans and the ACCES Program’s focus on students from disadvantaged socioeconomic backgrounds and in quality higher education institutions and programs; and (b) enhancing ICETEX’s institutional capacity. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Component 1: Student Loans:(Cost $424.00 M) Component 2: Institutional Strengthening:(Cost $12.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Satisfactory  Satisfactory Overall Implementation Progress (IP)  Satisfactory  Satisfactory Overall Risk Rating  --  Low Implementation Status and Key Decisions 1/29/2015 Page 1 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report ACCESS WITH QUALITY TO HIGHER EDUCATION PROJECT-ACCES II -SOP PHASE 2 (P145782) The Project was signed on December 22, 2014. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  --  Low 1/29/2015 Page 2 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report ACCESS WITH QUALITY TO HIGHER EDUCATION PROJECT-ACCES II -SOP PHASE 2 (P145782) Macroeconomic  --  --  Substantial Sector Strategies and Policies  --  --  Low Technical Design of Project or Program  --  --  Low Institutional Capacity for Implementation and Sustainability  --  --  Low Fiduciary  --  --  Low Environment and Social  --  --  Low Stakeholders  --  --  Moderate Other  --  --  -- Overall  --  --  Low Results Project Development Objective Indicators PHINDPDOTBL  Increase student enrollment in higher education- 1. Enrollment in higher education. (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.84 -- 1.98 2.32 Date 31-Dec-2012 -- 30-Nov-2014 30-Jun-2019 Comments 1.98 million students enrolled in higher education in 2013. PHINDPDOTBL  Increase graduation in higher education- 2. Graduation in higher education. (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 343775.00 -- 343775.00 406000.00 Date 31-Dec-2012 -- 30-Nov-2014 30-Jun-2019 Comments 2012 baseline revised based on updated information. 2013 data is not yet available. PHINDPDOTBL  Increase equity in higher education- 3. Percentage of new students enrolled in higher education from families earning less than 2 minimum salaries. (Percentage, Custom) 1/29/2015 Page 3 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report ACCESS WITH QUALITY TO HIGHER EDUCATION PROJECT-ACCES II -SOP PHASE 2 (P145782) Baseline Actual (Previous) Actual (Current) End Target Value 59.20 -- 59.20 64.30 Date 31-Dec-2012 -- 30-Nov-2014 30-Jun-2019 Comments 2012 baseline revised based on updated information. 2013 data is not yet available. PHINDPDOTBL  Increase equity in higher education- 4. Percentage of graduates from families earning less than 2 minimum salaries. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 49.60 -- 49.60 59.00 Date 31-Dec-2012 -- 30-Nov-2014 30-Jun-2019 Comments 2012 baseline revised based on updated information. 2013 data is not yet available. Overall Comments Intermediate Results Indicators PHINDIRITBL  1. Number of new students obtaining an ACCES student Loan. (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 40444.00 -- 41478.00 44000.00 Date 31-Dec-2012 -- 30-Nov-2014 30-Jun-2019 Comments Component 1: Student Loans 40,213 in 2013. 41,478 through November 2014. 1/29/2015 Page 4 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report ACCESS WITH QUALITY TO HIGHER EDUCATION PROJECT-ACCES II -SOP PHASE 2 (P145782) PHINDIRITBL  2. Number of ACCES student loan renewals. (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 158081.00 -- 188260.00 218000.00 Date 31-Dec-2012 -- 30-Nov-2014 30-Jun-2019 Comments Component 1: Student Loans 176,843 in 2013. 188,260 through November 2014. PHINDIRITBL 3. Percentage of new ACCES student loans given to students who qualify for a government subsistence grant. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 29.00 -- 34.20 35.00 Date 31-Dec-2012 -- 30-Nov-2014 30-Jun-2019 Comments Component 1: Student Loans 32.8% in 2013. 34.2% through November 2014. PHINDIRITBL  4. Percentage of new ACCES student loans given to students who qualify for a government subsistence grant and score below the SISBEN cutoff points. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 22.00 -- 21.90 28.00 Date 31-Dec-2012 -- 30-Nov-2014 30-Jun-2019 Comments Component 1: Student Loans 24.1% in 2013. 21.9% through November 2014. 1/29/2015 Page 5 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report ACCESS WITH QUALITY TO HIGHER EDUCATION PROJECT-ACCES II -SOP PHASE 2 (P145782) PHINDIRITBL  5. Percentage of new ACCES student loans given to indigenous peoples, afro-Colombians, Roma and victims of violence. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 9.00 -- 11.90 11.50 Date 31-Dec-2012 -- 30-Nov-2014 30-Jun-2019 Comments Component 1: Student Loans 15% in 2013. 11.9% through November 2014. PHINDIRITBL  6. Percentage of new ACCES student loans given to students enrolled in accredited higher education institutions or programs. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 28.00 -- 37.60 40.00 Date 31-Dec-2012 -- 30-Nov-2014 30-Jun-2019 Comments Component 1: Student Loans 33.3% in 2013. 37.6% through November 2014. PHINDIRITBL  7. Geographic distribution of ACCES loans to new students in zonas apartadas. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 4.00 -- 6.00 6.50 Date 31-Dec-2012 -- 30-Nov-2014 30-Jun-2019 Comments Component 1: Student Loans 7.4% in 2013. 6.0% through November 2014. 1/29/2015 Page 6 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report ACCESS WITH QUALITY TO HIGHER EDUCATION PROJECT-ACCES II -SOP PHASE 2 (P145782) PHINDIRITBL  8. Subcomponent 2.1--Annual administrative cost of ICETEX. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 3.10 -- 2.60 3.00 Date 31-Dec-2012 -- 30-Nov-2014 30-Jun-2019 Comments Component 2: Institutional Strengthening 2.1% in 2013. 2.6% through November 2014. PHINDIRITBL  9. Subcomponent 2.1--Information systems upgraded. (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target C&CTEX, APOTEOSYS C&CTEX, APOTEOSYS Implementation and CRM in use and and CRM in use and Value -- of the IT networked to personal networked to personal strategy computers. computers. Date 31-Dec-2012 -- 30-Nov-2014 30-Jun-2019 Comments Component 2: Institutional Strengthening PHINDIRITBL  10. Sucomponent 2.1--Percentage of nonperforming loans (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 36.00 -- 29.60 19.00 Date 31-Dec-2012 -- 30-Nov-2014 30-Jun-2019 Comments Component 2: Institutional Strengthening 36.1% in 2013. 29.6% through November 2014. 1/29/2015 Page 7 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report ACCESS WITH QUALITY TO HIGHER EDUCATION PROJECT-ACCES II -SOP PHASE 2 (P145782) PHINDIRITBL  11. Subcomponent 2.2--Number of HEI Support Offices monitored by ICETEX through on-site visits. (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value -- -- 273.00 90.00 Date -- -- 30-Nov-2014 30-Jun-2019 Comments Component 2: Institutional Strengthening 273 through November 2014 PHINDIRITBL  12. Subcomponent 2.2--Percentage of HEIs that perform above the benchmark on at least 5 of the 6 indicators in the scorecards. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 54.00 -- 56.00 64.00 Date 31-Dec-2012 -- 30-Nov-2014 30-Jun-2019 Comments Component 2: Institutional Strengthening PHINDIRITBL  13. Subcomponent 2.2--Sustainability index - Student loan attrition (non-renewal) and associated default rate among ACCES recipients. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 6.60 -- 5.30 6.00 Date 31-Dec-2012 -- 30-Nov-2014 30-Jun-2019 Comments Component 2: Institutional Strengthening 5.3% in 2013. 1/29/2015 Page 8 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report ACCESS WITH QUALITY TO HIGHER EDUCATION PROJECT-ACCES II -SOP PHASE 2 (P145782) PHINDIRITBL  14 a) Subcomponent 2.3--Total sum of resources available for student credit generated from external sources (Funds under Administration). (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 84.00 -- 84.00 176.00 Date 31-Dec-2012 -- 30-Nov-2014 30-Jun-2019 Comments Component 2: Institutional Strengthening 2013 and 2014 data is not yet available. PHINDIRITBL  14 b) Subcomponent 2.3 --Total sum of resources available for student credit generated from external sources (ICETEX budget). (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 96.00 -- 86.20 88.00 Date 31-Dec-2012 -- 30-Nov-2014 30-Jun-2019 Comments Component 2: Institutional Strengthening COP 70.2 billion in 2013. COP 86.2 billion in 2014. PHINDIRITBL  15 a) Subcomponent 2.3--Number of new student loans given to indigenous peoples through ICETEX’s Vice-presidency for Administered Funds (VFA). (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1700.00 -- 3626.00 1000.00 Date 31-Dec-2012 -- 30-Nov-2014 30-Jun-2019 Comments Component 2: Institutional Strengthening 3,626 in 2013. 1/29/2015 Page 9 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report ACCESS WITH QUALITY TO HIGHER EDUCATION PROJECT-ACCES II -SOP PHASE 2 (P145782) PHINDIRITBL  15 b) Subcomponent 2.3--Number of new student loans given to Afro-Colombians through ICETEX’s Vice-presidency for Administered Funds (VFA). (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 2300.00 -- 4100.00 1500.00 Date 31-Dec-2012 -- 30-Nov-2014 30-Jun-2019 Comments Component 2: Institutional Strengthening 4,100 in 2013. PHINDIRITBL  16. Subcomponent 2.4--Impact evaluations (IEs) of ICETEX student loan programs have been designed and completed. (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target 2009 IE published in 2010 2nd IE Value and 2013 IE underway to -- 2013 IE was completed completed be published in 2014 Date 31-Dec-2012 -- 30-Nov-2014 30-Jun-2019 Comments Component 2: Institutional Strengthening PHINDIRITBL  Direct project beneficiaries (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 198000.00 -- 229738.00 262000.00 Date 31-Dec-2012 -- 30-Nov-2014 30-Jun-2019 Comments Component 2: Institutional Strengthening 57.4% female in 2013. 57.8% female through November 2014. 1/29/2015 Page 10 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report ACCESS WITH QUALITY TO HIGHER EDUCATION PROJECT-ACCES II -SOP PHASE 2 (P145782) PHINDIRITBL  Female beneficiaries (Percentage, Core Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 57.00 -- 57.80 54.00 Date 31-Dec-2012 -- 30-Nov-2014 30-Jun-2019 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed Not P145782 IBRD-83540 USD 200.00 200.00 0.00 0.00 200.00 0% Effective Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date Not P145782 IBRD-83540 01-Apr-2014 22-Dec-2014 -- 30-Jun-2019 30-Jun-2019 Effective Cumulative Disbursements 1/29/2015 Page 11 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report ACCESS WITH QUALITY TO HIGHER EDUCATION PROJECT-ACCES II -SOP PHASE 2 (P145782) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 1/29/2015 Page 12 of 12 Public Disclosure Copy