Washington, D.C., March 18, 2010—IFC,
a member of the World Bank Group, is helping client companies expand access
to education services, improve standards of quality and efficiency, and
facilitate the international exchange of best practice in private education
in developing countries.
IFC, the world’s largest multilateral
investor in private education in emerging markets, will hold its fourth
international education conference in Washington, D.C., from March 28 through
March 30. The event will bring together IFC clients and experts from
the private education, government, academia, and financing sectors.
The conference, “Strategic Resilience
in Times of Recession,” will explore the future of private education in
developing countries and the changes taking place in the sector in the
wake of the global financial crisis. Speakers from more than a dozen
countries will present cases of strategic decisions that enabled their
institutions to be resilient and, in some instances, to thrive during the
Speakers will include Lars Thunell,
IFC Executive Vice President and CEO; Mike Moore, incoming New Zealand
Ambassador to the United States and former New Zealand Prime Minister and
director general, World Trade Organization; Sergio Abromovich, Senior Director
of International Business Development, DeVry University; and chief executives
of leading education companies from emerging and developed markets. Guy
Ellena, IFC Director for Health and Education, will chair the conference.
“The IFC conference is taking place
at a time when the private education sector in developing countries is
experiencing considerable change and expansion,” said Thunell. “Private
education can make a significant contribution to development in these countries,
especially by increasing access to services for low- and middle-income
IFC has committed $469 million in financing
to 62 education projects in 30 countries at a total value of $1.54 billion.
Twenty-one education projects (35 percent) were in the world’s poorest
countries. IFC-supported projects help educate about a million students
IFC is the only international financial
institution focused exclusively on the private sector, the engine of sustainable
development in emerging markets. Along with IBRD, it is currently seeking
a capital increase to strengthen its ability to create opportunity for
the poor in developing countries—including by advancing private education
in developing countries by bringing together experts to exchange ideas
and experiences on expanding access to quality education and coping with
hard economic times.
To learn more about the conference,
IFC, a member of the World Bank Group,
creates opportunity for people to escape poverty and improve their lives.
We foster sustainable economic growth in developing countries by supporting
private sector development, mobilizing private capital, and providing advisory
and risk mitigation services to businesses and governments. Our new investments
totaled $14.5 billion in fiscal 2009, helping channel capital into developing
countries during the financial crisis. For more information, visit www.ifc.org.