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StatementJanuary 25, 2024

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

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.”  


In Washington: David Theis, +1 202 203 0601,




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