Independent Evaluation Group report highlighted private sector education provision can exacerbate inequality and undermine the public sector school system.
The divestment follows a 2020 freeze in new IFC direct and indirect investments in for-profit education providers.
IMF advice makes it challenging for countries to achieve education finance goals agreed at UN declaration.
Forthcoming research from ActionAid International shows IMF’s dogmatic support for public sector wage bill cuts continues.
Notes from the virtual Civil Society Policy Forum session on 31 March 2021.
World Bank Indian education loan causes controversy over private sector provisions.
Notes from the Civil Society Policy Forum Session on 2 October.
World Bank’s new report on education and Covid-19 contrasts with IFC announcement on freezing private school investments.
CSOs urge investors to divest from private school provider Bridge International Academies; IFC remains investor, despite WDR’s concerns with private education.
While the World Development Report (WDR) 2018 on education has some redeeming features, it is part of the Bank's longstanding very narrow view of education, and is silent on education financing.