World Bank project P173283; IBRD Loan 9163-EC for USD 40 million. Approval: 25/09/2020. Loan signing: 22/04/2021. Effectiveness: 12/01/2022. Current closing date: 31/12/2026. Current component allocations are USD 3.0 million for Component 1, USD 24.5 million for Component 2, USD 5.0 million for Component 3 and USD 7.5 million for Component 4; the CERC has an initial allocation of USD 0. The COVID-19 Relief and Recovery subcomponent was removed in January 2022. In December 2023 IEPS replaced SGDPN as the lead implementing agency, while SENESCYT remained a co-implementing agency. The 2025 restructuring established targets of 18,000 direct beneficiaries of livelihood and investment subprojects, including 5,400 women; 1,000 beneficiaries accessing formal financial services for the first time, including 300 women; 500 higher education participants, including 150 women; and 73,500 total project beneficiaries, including 22,050 women. The Ecuador government publication dated 19/11/2022 confirms USD 40 million for PROFECPIAM through 2026. The separate USD 77.655 million project mentioned in the same publication is financed with government resources and is not part of P173283.
Iniciative Type
Action scope
National
Evaluated
No
Stage
Implementation- Ongoing
Temporalidad
Medium-term
Number of Years
5 - Year -s
| Financing Sources | Financing Types |
|---|---|
| WB: World Bank | Public Debt |
| Institutions | Institutions rols |
|---|---|
| Government of Ecuador | Financing-investor |
| WB: World Bank | Execution and operation |
| IEPS: National Institute of Popular and Solidarity Economy | Execution and operation |
| SENESCYT: Secretariat for Higher Education, Science, Technology and Innovation | Execution and operation |
| BanEcuador | Interinstitutional cooperation |
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