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StatementJune 13, 2024

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

WASHINGTON, June 13, 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 IFC’s Management Report and Management Action Plan, in line with the CAO Policy, regarding concerns about school safety and labor conditions in schools run by IFC’s former client Bridge International. We had a constructive engagement on IFC’s Management Response and Management Action Plan and agreed that IFC will take more time to explore collaboration with relevant stakeholders before the Board formally considers the Management Response and Management Action Plan.”


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