Innovative Finance
August 1, 2024
Context and Problem
Teresina, the capital city of the Brazilian state of Piauí, has faced significant challenges in meeting the National Education Plan's requirements due to inadequate educational infrastructure. At the time of writing, only 5% of students attend full-time school, significantly below the target of 25% by 2024. Moreover, the city has many students but insufficient full-time educational facilities. Moreover, many school buildings are in poor condition, and educational institutions are scarce in many suburban areas, impacting accessibility and enrollment.
Solution
The Teresina Educational Infrastructure Program aims to construct eight new full-time elementary schools to accommodate 1,000-1,200 students. Moreover, it seeks to retrofit seven existing part-time schools into kindergartens to create 2,300 new kindergarten spots. Urban requalification of at least 15 schools and kindergarten areas to improve safety, public transportation access, and accessibility is also part of the plans. Moreover, thirteen part-time schools currently under construction or in the bidding process will be completed, and the education system will be enhanced by developing a new pedagogical plan.
Impact
The impact is yet to be seen as the project is currently in progress. However, the expectations are improved learning outcomes, improved infrastructure, and more schools being built. Other targets include increasing full-time school enrollment to 16%, establishing 2,300 new spots in kindergartens, and strengthening the educational system's framework.