An Evaluation of International Finance Corporation Investments in K–12 Private Schools
In 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, incl...
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Washington, DC : World Bank
2022
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| Online Access: | http://documents.worldbank.org/curated/en/099427406072223017/IDU0abd1aade0095a04fa409ef205eb6d44a0261 http://hdl.handle.net/10986/37673 |
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okr-10986-376732022-09-14T18:19:59Z An Evaluation of International Finance Corporation Investments in K–12 Private Schools Independent Evaluation Group K-12 EDUCATION PRIVATE SCHOOLS PORTFOLIO FINANCIAL SUSTAINABILITY MARKET STRUCTURE IMPLICATIONS In 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. 2022-07-11T15:52:31Z 2022-07-11T15:52:31Z 2022-06-08 Report http://documents.worldbank.org/curated/en/099427406072223017/IDU0abd1aade0095a04fa409ef205eb6d44a0261 http://hdl.handle.net/10986/37673 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC : World Bank Publications & Research IEG Evaluation World |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
K-12 EDUCATION PRIVATE SCHOOLS PORTFOLIO FINANCIAL SUSTAINABILITY MARKET STRUCTURE IMPLICATIONS |
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K-12 EDUCATION PRIVATE SCHOOLS PORTFOLIO FINANCIAL SUSTAINABILITY MARKET STRUCTURE IMPLICATIONS Independent Evaluation Group An Evaluation of International Finance Corporation Investments in K–12 Private Schools |
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World |
| description |
In 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. |
| format |
Report |
| author |
Independent Evaluation Group |
| author_facet |
Independent Evaluation Group |
| author_sort |
Independent Evaluation Group |
| title |
An Evaluation of International Finance Corporation Investments in K–12 Private Schools |
| title_short |
An Evaluation of International Finance Corporation Investments in K–12 Private Schools |
| title_full |
An Evaluation of International Finance Corporation Investments in K–12 Private Schools |
| title_fullStr |
An Evaluation of International Finance Corporation Investments in K–12 Private Schools |
| title_full_unstemmed |
An Evaluation of International Finance Corporation Investments in K–12 Private Schools |
| title_sort |
evaluation of international finance corporation investments in k–12 private schools |
| publisher |
Washington, DC : World Bank |
| publishDate |
2022 |
| url |
http://documents.worldbank.org/curated/en/099427406072223017/IDU0abd1aade0095a04fa409ef205eb6d44a0261 http://hdl.handle.net/10986/37673 |
| _version_ |
1764487640862687232 |