Word: chileanization
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...political value, Chile’s President Michelle Bachelet and Finance Minister Andrés Velasco (the latter on leave from the Kennedy School) took the lead to create an investment fund that would not be tapped for ongoing operational expenses. The fund could be used to help the Chilean economy avoid an economic collapse; when the worldwide financial crisis broke out 18 months ago, the Chilean government was ready with a countercyclical budget—it spent to cushion the downturn and reactivate the economy...
...Chilean students will apply directly to the pertinent Harvard program and be accepted according to normal Harvard admissions procedures. The Chilean Ministry of Education through Becas Chile would then award scholarships to the Chileans whom Harvard would have admitted. The Chilean national science foundation, “CONICYT,” will implement the merit-based Chilean selection process. There is no Chilean government cap on the number of students that it could fund at Harvard; the number will depend on how many Chileans Harvard admits. The Chilean government will award fellowships based on financial- need guidelines that follow those...
...Chilean government has designed a particularly thoughtful program. The fellowships cover round-trip airfares, tuition, a monthly living allowance, insurance, and an additional yearly allowance for books and pertinent materials. The fellowship provides a monthly allowance for a spouse and for each child as well as for the costs of first moving to the Boston area. Most importantly, the Chilean government will also provide English-language training in Chile to prepare students for their study abroad. Bright, hard-working Chilean students from poorer families may lack sufficient competence in English; language instruction is designed to increase the likelihood of more...
...deal with the Sanhak Foundation follows an agreement Harvard signed with the government of Chile last week that will provide enough financial support to nearly double the number of Chilean students across the University’s graduate schools to a total of 50 students...
Harvard signed an agreement with the government of Chile last week that would provide enough financial support to nearly double the number of Chilean students across the University’s graduate schools to a total of 50 students. “When a bright student needs money, he or she should be able to come,” said Vice Provost for International Affairs Jorge I. Dominguez, who signed the agreement on behalf of the University. The recently negotiated deal marks Harvard’s shifting strategy in securing sources of funding. In recent months, University administrators have taken...