In developing countries where governments may not have the resources to offer education to all of its citizens, parents often depend on private education to fill the gap.
Innovative models are helping private education providers increase reach and improve quality of education. Achieving quality and access at lower costs is critical for creating educational opportunities for close to 70 million children and youth globally without access to education.
IFC helps private education providers expand to reach more students in middle and low-income groups and to promote higher quality of education.
SABER - System Approach for Better Education Results
WBG's tool that collects and analyzes policy data on education systems around the world ...LEARN MORE
EXAMPLES OF WHAT WE DO
In Kenya, IFC’s $10 million equity investment supports expansion of Bridge International Academies. By standardizing everything from content development and teacher training to academy construction and billing, Bridge is able to deliver quality education at just over $6 per month, serving families who live on less than $2 per day per person.
Our $100 million equity investment in Laureate Education is helping to expand access to higher education in Latin America, the Middle East, and Africa. Laureate has been a pioneer in higher education, serving 750,000 students in 30 countries, 18 of which are in emerging markets.
Education technologies hold great potential for promoting access to university and vocational education for students in developing countries. IFC’s investment of $5 million in Coursera, the largest provider of massive open online courses, is a step towards realizing that potential and transforming the way people access education and learn.
In Namibia, Trustco Education provides students enrolled in its distance learning tertiary education courses with direct access to affordable financing through Trustco Finance. IFC’s loan of $11 million enabled the company to expand its lending program.