Washington D.C., April 16, 2013—IFC,
a member of the World Bank Group, will lend €25 million to Grupo Santillana
de Ediciones to expand access in Latin America to high-quality education
curriculums based on digital content and services and tools to meet 21st
century educational challenges.
Santillana´s main project, known as Sistema UNO, consists of digital content
bundled with hardware, like computer tablets and projectors, textbooks,
learning management systems, a student information system, student assessments
and teacher training. The program aims to improve the quality and relevance
of education by providing tools that improve teaching practices, promote
English-language learning, and develop skills like critical thinking, problem
solving and teamwork.
Since its creation two years ago, over 240,000 students in Mexico, Brazil
and Colombia have learned through the UNO education curriculum. By expanding
to other countries in the region, Santillana expects to reach one million
students by the end of the decade.
“Support from IFC is essential to the expansion of our learning projects
and to make innovation available to a greater number of students in all
of Latin America and Spain, in both the public and private sectors. This
agreement will allow UNO to grow, hence improving education quality and
further developing abilities and skills such as critical thinking and team
work” said Santillana’s CEO Miguel Ángel Cayuela.
“Digital learning holds great potential for broadening access to education
in developing countries. We are particularly excited over the potential
for the UNO project to help schools raise the quality of their primary
school programs and develop the skills needed in the workforce today,”
said Atul Mehta, IFC's Director of Global Manufacturing Agribusiness and
IFC is the largest multilateral investor in private education in emerging
markets. IFC’s education portfolio stands at more than $550 million,
encompassing 42 projects in 24 countries, including several of the poorest
countries. The total value of these projects is about $900 million.
In 2011, IFC’s private education projects helped benefit 1.4 million
students while providing employment for 60,000 people.
IFC, a member of the World Bank Group, is the largest global development
institution focused exclusively on the private sector. We help developing
countries achieve sustainable growth by financing investment, mobilizing
capital in international financial markets, and providing advisory services
to businesses and governments. In FY12, our investments reached an all-time
high of more than $20 billion, leveraging the power of the private sector
to create jobs, spark innovation, and tackle the world’s most pressing
development challenges. For more information, visit www.ifc.org.
Santillana Group is the leading textbook and general-interest publishing
group in Spain and Latin America, and a prestigious publisher of literary
works in Spanish. With more than 125 million books sold each year, the
company has been synonymous with quality content, innovation and service
to teaching staff since its inception in 1960. With five decades of experience
in the sector and an international presence in 22 countries, Santillana
has consolidated its lead across all publishing segments, and has established
deep roots in all of its local and regional markets.
For more information, visit http://www.santillana.com.