Graduate management program

FPE will implement the project, with TA from a consortium of the University of Houston (UH), the University of Indiana, Florida International University, and the Central American Institute for Business Administration (INCAE). The GMI, when established, will offer three programs. (1) A structured 15-month M.S.-level program will provide a core business curriculum as well as more applied functional and managerial courses specific to the Ecuadorean environment. The program, which will include training in case analysis and in the English language, will graduate 75 persons each year. (2) A four-tier executive development program will provide practical training, at the Guayaquil campus and also in Quito and other cities, to at least 400 private and public sector managers each year in programs ranging from 4-hour sessions to 3-month courses; specialized programs may be offered to institutions such as the Central Bank. (3) Applied research will be carried out on a contract basis for public and private Ecuadorean and international institutions. The UH consortium will recruit 3 Ecuadorean administrators and 10 faculty members, the former to receive on-the-job and probably short-term training, and the latter U.S. Ph.D. training (4 Ph.D."s funded by the project and 6 by other A.I.D. sources). Three or four U.S. professors will develop the curriculum and teach courses while Ecuadorean faculty are being trained. In all, 20 person-years of long-term and 63 person-months of short-term TA will be provided. An appropriate site for GMI is still being sought. FPE will provide a basic structure, to be improved mostly with in-kind private sector donations. The project will fund at minimum a library with 6,000 volumes and periodicals, simultaneous translation equipment, a computer center, and furniture for at least two offices and classrooms. During GMI"s first 5 years, the project will underwrite some 60% of operating costs to allow time for the Institute to become self-supporting. FPE will raise, by project end, $2.5 million for an endowment fund to cover future operating deficits and to provide a small amount of revenue for capital improvements.