CL Social Inclusion for Shared Prosperity DPL

closed

The development objective of the Social Inclusion for Shared Prosperity (SISP) Development Policy Financing (DPF) Program Project for Chile is to: (i) promote equal opportunities in education; (ii) improve the conditions to enhance the quality of tertiary education; and (iii) strengthen institutions for poverty measurement and enhance targeting mechanisms of social programs. The operation supports the Chilean Government’s program of promoting equity and social inclusion through specific actions to improve the access and quality of education and of strengthening institutions for poverty measurement and targeting of social programs. The policy program of the operation is consistent with the FY11-16 Chile country partnership strategy (CPS), in particular with the pillar of job creation and improving equity. Two of the main structural factors that may explain the observed levels of income inequality in Chile are low inter-generational mobility and limited opportunities for vulnerable groups to participate in productive activities. The government program (PDG) focuses on three key reforms: (a) education; (b) tax reform; and (c) a new constitution. The SISP DPF is fully consistent with the World Bank’s goals to eradicate extreme poverty and promote shared prosperity.