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Book cover: International Perspectives on Education and Society

International Perspectives on Education and Society

ISSN: 1479-3679
Series editor(s): Dr Alexander Wiseman

Subject Area: Education

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The World Bank, the International Finance Corporation, and Private Sector Participation in Basic Education: Examining the Education Sector Strategy 2020


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Title:The World Bank, the International Finance Corporation, and Private Sector Participation in Basic Education: Examining the Education Sector Strategy 2020
Author(s):Karen Mundy, Francine Menashy
Volume:16 Editor(s): Christopher S. Collins, Alexander W. Wiseman ISBN: 978-1-78052-276-0 eISBN: 978-1-78052-277-7
Citation:Karen Mundy, Francine Menashy (2012), The World Bank, the International Finance Corporation, and Private Sector Participation in Basic Education: Examining the Education Sector Strategy 2020, in Christopher S. Collins, Alexander W. Wiseman (ed.) Education Strategy in the Developing World: Revising the World Bank's Education Policy (International Perspectives on Education and Society, Volume 16), Emerald Group Publishing Limited, pp.113-131
DOI:10.1108/S1479-3679(2012)0000016010 (Permanent URL)
Publisher:Emerald Group Publishing Limited
Article type:Chapter Item
Abstract:The World Bank's new Education Sector Strategy 2020 (2011) points to an important role for private actors in the development of high-quality, high-equity education systems that effectively address poverty alleviation in low and middle-income countries. This chapter asks whether this emphasis on private participation is new, focusing in particular on Bank policies, research, and operations in K-12 education. It also explores some surprising disjunctures between the World Bank Group's official policies promoting privatization and its operational practices. To do so, the chapter draws on a separate research project for which we completed a review of the Bank's current portfolio of projects in K-12 education and a series of interviews with World Bank staff. We also look at the expansion of Bank activities beyond its traditional arms – the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA) lending facilities – by including a brief a review of the educational activities of the International Finance Corporation (IFC), which directly supports the private sector in education.

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