Civil society groups applaud IFC’s decision to stop investing in fee-charging private schools, call on other investors to follow its lead
Civil society organizations welcome the announcement from the World Bank’s International Finance Corporation (IFC) that it will not resume its investments in K-12 private schools, following the release of an independent evaluation by the World Bank Independent Evaluation Group (IEG) on the IFC’s investments in this area. In 2020, the IFC instituted a temporary freeze on all direct and indirect investments in for-profit fee-charging K-12 private schools.