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Statement from World Bank Group Management and Board of Executive Directors on IFC Investment in Bridge International Academies

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Statement from World Bank Group Management and Board of Executive Directors on IFC Investment in Bridge International Academies

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January 25, 2024

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WASHINGTON, January 25, 2024—The World Bank Group today released the following statement on behalf of Bank Group management and the IFC’s Board of Executive Directors:

“Today the IFC Board held a meeting on the CAO investigation report and IFC management response and Management Action Plan around IFC’s investment in Bridge International Academies.

We had a constructive engagement and were pleased to note that there is a shared commitment to reach full alignment on the Management Action Plan for this difficult and important case.

We expect a formal Board meeting to be convened within one month, where we will consider the Management Action Plan, built on the principles of a survivor-centric approach, for approval.”

Contact:

In Washington: David Theis, +1 202 203 0601, dtheis@worldbankgroup.org

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