Publication:
An Evaluation of International Finance Corporation Investments in K–12 Private Schools

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dc.contributor.authorIndependent Evaluation Group
dc.date.accessioned2022-07-11T15:52:31Z
dc.date.available2022-07-11T15:52:31Z
dc.date.issued2022-06-08
dc.description.abstractIn March 2020, President Malpass announced a freeze on IFC’s direct investments and advisory services support to private for-profit K–12 schools and requested IEG “undertake an evaluation of IFC investments in K–12 private education provision, including impacts on educational outcomes, poverty, and inequality.” This evaluation follows this request and is designed to help the World Bank Group’s Board of Executive Directors and IFC’s management consider the circumstances that favor K–12 private education. The evaluation assesses IFC’s investments in K–12 private or nonstate schools during the fiscal years 2001 to 2020 in terms of access and equity of access, education quality, relevance, and financial sustainability. It focuses on IFC investment instruments and considers IFC advisory services only as part of the Risk Sharing Facility (RSF), which integrates advisory services with an investment component. Evaluation findings support a single conclusion: resumption of IFC investments in K–12 private schools is not advisable without making substantial changes to IFC’s approach. In their response to the evaluation, IFC noted their agreement with IEG’s findings and announced that IFC will not resume investments, which it halted in 2017, in fee-charging K-12 private schools. The evaluation includes lessons stemming from IFC’s 20-year experience that are relevant for future support for private investments in private K–12 education. It analyses the complexities of the financial viability of these investments and constraints on their impact on access to quality education for underserved groups.en
dc.identifierhttp://documents.worldbank.org/curated/en/099427406072223017/IDU0abd1aade0095a04fa409ef205eb6d44a0261
dc.identifier.doi10.1596/IEG171405
dc.identifier.urihttps://hdl.handle.net/10986/37673
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC : World Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectK-12 EDUCATION
dc.subjectPRIVATE SCHOOLS
dc.subjectPORTFOLIO
dc.subjectFINANCIAL SUSTAINABILITY
dc.subjectMARKET STRUCTURE
dc.subjectIMPLICATIONS
dc.titleAn Evaluation of International Finance Corporation Investments in K–12 Private Schoolsen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.date.disclosure2022-06-07
okr.date.doiregistration2025-04-14T12:32:08.436475Z
okr.date.doiregistration2025-04-15T02:46:06.963290Z
okr.date.lastmodified2022-06-08T00:00:00Zen
okr.doctypePublications & Research
okr.doctypeIEG Evaluation
okr.docurlhttp://documents.worldbank.org/curated/en/099427406072223017/IDU0abd1aade0095a04fa409ef205eb6d44a0261
okr.guid099427406072223017
okr.identifier.doi10.1596/IEG171405
okr.identifier.externaldocumentum33838321
okr.identifier.internaldocumentum33838321
okr.identifier.report171405
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099427406072223017/pdf/IDU0abd1aade0095a04fa409ef205eb6d44a0261.pdfen
okr.region.geographicalWorld
okr.topicEducation::Education Finance
okr.topicEducation::Education Reform and Management
okr.unitIndependent Evaluation Group (IEG)
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