Promoting quality education for all.






International Finance Corporation Decides to Move Away from For-Profit Education Investments

Civil society organizations applaud the International Finance Corporation's decision to move away from for-profit education investments. The World Bank Group’s International Finance Corporation (IFC) has set a new precedent in upholding the right to education in an official commitment to freeze investments in private for-profit pre-primary, primary, and secondary (also called “K-12”) schools. The signatory organizations applaud this landmark decision by the IFC, which responds to the concerns voiced by civil society about the effects on segregation and exclusion, inadequate education quality, avoidance of standards and regulations, poor labour conditions, and profit-seeking behavior of commercial schools.
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