Private Education and Development

In the past decade, private education has had an increasingly significant impact in the developing world, with many countries promoting private sector growth to expand educational capacity and access at all levels, an international education conference was told last week.
The conference heard that more entrepreneurs were investing in the private sector in developing countries and "bringing fresh approaches and perspectives".
It was the fifth global conference to be held in Washington by the International Finance Corporation and attracted representatives of private education organisations and institutions from around the world.
The IFC provides investments and advisory services to expand the private sector in developing countries.
The corporation - an arm of the World Bank - has committed US$469 million in financing 62 education projects in 30 countries at a total value of $1.54 billion. Of these, 21 or 35% were in the world's poorest countries. IFC-supported projects help educate about 1.2 million students annually.
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Source: University World News, Issue No: 0118, 04 April 2010