Argentina - Vocational Training and Technical Education Project

Document of The World Bank FILE COPY FOR OFFICIAL USE ONLY Report No. P-2880-AR REPORT AND RECOMMENDATION OF THE PRESIDENT OF THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT TO THE EXECUTIVE DIRECTORS ON A PROPOSED LOAN TO THE ARGENTINE REPUBLIC FOR A VOCATIONAL TRAINING AND TECHNICAL EDUCATION PROJECT September 18, 1980 Thb document has a restrieted distribution and may be used by reciplents only in the performance of their ofcial duts. Its contents may not otherwise be disclosd withun World oank authorizatlon.  CURRENCY EQUIVALENTS . June 30, 1980 Currency Unit = Argentine Peso ($a) US$1 = $a 1,860 US$1 million = $a 1,860 million $a 1 million = US$538 WEIGHTS AND MEASURES Metric System GLOSSARY OF ABBREVIATIONS CONET - Consejo Nacional de Educacion Tecnica National Council for Technical Education ENET - Escuela Nacional de Educacion Tecnica National School for Technical Education VTC - Vocational Training Center FISCAL YEAR January 1 to December 31  FOR OFFICIAL USE ONLY ARGENTINA VOCATIONAL TRAINING AND TECHNICAL EDUCATION PROJECT Loan and Project Summary Borrower: The Argentine Republic. Beneficiary: Consejo Nacional de Educacion Tecnica (CONET). Loan Amount: US$58 million equivalent. Terms: Fifteen years, including three years of grace, at 9.25% per annum. Project Description: The project supports the Government's industrial restruc- turing policy. It would help increase supply of skilled labor, improve labor mobility through retraining, and strengthen CONET's planning and operating capabilities. Curricula development, organizational strengthening, and increased participation of the private sector would improve effectiveness and relevance of vocational training. The project would finance construction and equipment of 30, and equipment of 5, vocational training centers, and purchase of 50 mobile units, thus doubling CONET's voca- tional training capacity. The project would also support reforms in technical education through introducing new curricula elements. A technical assistance component, including consultant services, training programs for CONET staff, and studies of CONET's operations and the Argentine labor market would ensure effective project implementation. The project faces no special risks although the success of the attempted improvements in curricula and CONET's operating efficiency will depend on the ability of CONET's management to depart from established practice and adapt the changes proposed under the project. This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  - ii - Estimated Cost: Local Foreign Total ------US$ million------- Construction 58.8 8.6 67.4 Equipment 2.1 18.7 20.8 Mobile Units 0.7 6.4 7.1 Furniture 1.7 2.5 4.2 Technical Assistance and Project Administration 2.4 1.5 3.9 Subtotal 65.7 37.7 103.4 Physical contingencies 6.6 3.8 10.4 Price contingencies 19.0 16.7 35.7 Total 91.3 58.2 149.5 Financi-Tg Plan: Government 90.0 1.5 91.5 Bank 1.3 56.7 58.0 Total 91.3 58.2 149.5 Estimated Disbursements: Bank FY 81 82 83 84 85