What role does the Republic of Peru play in the global education market? ICEF Monitor interviewed Mrs. Carolina Cardoso from C2M Marketing & Eventos to find out more information about market opportunities in this fairly new to the global education sector country. It turns out that being one of the fastest growing economies in Latin America, it holds much promise for the future.
According to Mrs. Cardoso such degree courses as mining, engineering, and construction, as well as language courses, are at their most popular among the students nowadays. The capital of Peru – Lima - is the main city of interest for international student recruitment. Most students feel that, given Peru’s healthy economy, they will have greater opportunities at home after studying abroad, so Peruvians prefer to return home following their education overseas.
Right now efforts are underway to increase access to higher education, which is currently only available to three out of ten Peruvian high school students. Peru is investing more than US $136 million in science and technology (S&T) and 1,000 new S&T postgraduate fellowships will be made available by 2016, as well as 1,500 scholarships for Peruvian students at foreign universities.
According to the Netherlands organisation for international cooperation in higher education (NUFFIC), “Peruvian higher education institutions are increasingly interested in internationalisation and in initiating institutional cooperation with foreign higher education institutions.” Just this month, the government launched the PEN 148 million (US $53.2 million) Public Investment Project for Higher Education Quality Improvement. This initiative will help dozens of Peruvian higher education and technical institutions improve quality measures and manage their accreditation process.
Another great news is that the Universidad San Ignacio de Loyola (USIL), a leading private university in Peru, is set to receive a US $23.5 million loan from the Inter-American Development Bank (IDB) to double its capacity from approximately 12,000 to 25,000 students over the next ten years, and expand access to affordable education programmes for low-income students.
Although Peru still has a long way to go it clearly recognises high quality education as a path to growth and success which will no doubt result in successful integration into international HE market.
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