Summary of Proposed Investment
Project Number
9886
Company Name
ASOCIACION CIVIL UNIVERSIDAD DEL SALVADOR
Date SPI Disclosed
Jun 14, 2000
Country
Argentina
Industry
Health, Education and Life Sciences
Projected Board Date
Jul 27, 2000
Status
Completed
Sector
Colleges, Universities, and Professional Schools
Department
Gbl Ind, Manufact, Agribus & Services
Environmental Category
B - Limited
Previous Events
Approved : Aug 3, 2000
Signed : Nov 6, 2000
Invested : Dec 22, 2000
Project Description
The proposed $20 million five-year project, which focuses on the University’s campus of Pilar in the province of Buenos Aires, entails the construction of:
- new classrooms;
- a large auditorium;
- a library;
- student dormitories,
- a veterinarian clinic; and
- three outpatient clinics.
The project will consolidate the University’s position of leadership, improve and broaden the subjects taught, alleviate the current shortage of space and help accommodate further growth.
The role of the education system is crucial in supplying the human resources required for faster economic growth and successful competition in the global markets. Argentina’s industrial and services sector underwent a major restructuring following the opening of the economy in 1991 to improve quality, productivity and profitability. These developments, coupled with the increasing globalization of markets, have induced a shift in the skills required by today’s labor force. Companies are seeking more qualified employees and increasingly demanding individuals with a post-secondary education. Increases in productivity could be jeopardized unless the education system is able to match the demands of the market for well-educated, skilled and flexible graduates. Investments in the private system will complement an overcrowded public system and enhance the overall quality of higher education and its graduates.
Education remains a sector where financial institutions generally are unwilling to invest. By taking the lead, IFC will demonstrate to others the commercial viability of private investment in institutions like USAL. The success of this, and other IFC education projects, should help to create a market where none exists today for raising capital to fund the growth, quality and efficiency improvement of learning institutions.
- new classrooms;
- a large auditorium;
- a library;
- student dormitories,
- a veterinarian clinic; and
- three outpatient clinics.
The project will consolidate the University’s position of leadership, improve and broaden the subjects taught, alleviate the current shortage of space and help accommodate further growth.
The role of the education system is crucial in supplying the human resources required for faster economic growth and successful competition in the global markets. Argentina’s industrial and services sector underwent a major restructuring following the opening of the economy in 1991 to improve quality, productivity and profitability. These developments, coupled with the increasing globalization of markets, have induced a shift in the skills required by today’s labor force. Companies are seeking more qualified employees and increasingly demanding individuals with a post-secondary education. Increases in productivity could be jeopardized unless the education system is able to match the demands of the market for well-educated, skilled and flexible graduates. Investments in the private system will complement an overcrowded public system and enhance the overall quality of higher education and its graduates.
Education remains a sector where financial institutions generally are unwilling to invest. By taking the lead, IFC will demonstrate to others the commercial viability of private investment in institutions like USAL. The success of this, and other IFC education projects, should help to create a market where none exists today for raising capital to fund the growth, quality and efficiency improvement of learning institutions.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Lic. Javier ALonso Hidalgo
Universidad del Salvador
Vice Rector Academico
Viamonte 1856
1056 Buenos Aires- Argentina
Telephone: 54 11 4813 1408
Universidad del Salvador
Vice Rector Academico
Viamonte 1856
1056 Buenos Aires- Argentina
Telephone: 54 11 4813 1408