Washington, D.C./São Paulo, Brazil,
January 26, 2010—IFC, a member of the World Bank Group, will promote
access to high-quality and affordable education in Brazil with a financing
of 50 million reais to Anhanguera Educacional Participações SA, the country’s
leading private post-secondary institution.
In addition, PROPARCO, a subsidiary
of Agence Française de Développement, will provide €8 million and DEG,
a member of KfW Bankrengruppe, will provide €15 million. The funds
will help finance Anhanguera’s investment plan for 2010.
Professor Antonio Carbonari, Anhanguera’s
president and founder, said, “This financing will enable us to respond
to the growing demand for education services by leveraging our business
model and expanding our network of colleges and learning centers.”
Anhanguera had more than 250,000 students
in 2009. Its business model for third-level education focuses on
low- and middle-income working adults who may not have access to public
universities. On average, its graduates have almost tripled their
income after completing their studies. The model offers high-quality
standards and affordable prices to the students.
Guy Ellena, IFC Director for Health
and Education, said, “Anhanguera illustrates in very human terms the development
impact that IFC is trying to achieve by reaching low- and middle-income
students and offering them opportunities to improve their professional
and technical education in order to get better jobs.” Andrew Gunther,
IFC Country Manager for Brazil, added, “Anhanguera is a very good example
of a financially sustainable private sector project that has a strong social
impact. IFC is proud to continue supporting Anhanguera’s innovative approach
and commitment to education in Brazil."
IFC’s relationship with Anhanguera
dates back to 2006, with a $12 million loan to the company through Fundo
de Educacão para o Brasil. In March 2007, Anhanguera became Latin
America’s first private education company to list its shares through an
initial public offering. In 2009, Anhanguera was the recipient of
IFC’s Client Leadership Award in the real sector category.
IFC is the only international financial
institution focused exclusively on the private sector, the engine of sustainable
development in emerging markets. Along with IBRD, it is currently
seeking a capital increase to strengthen its ability to create opportunity
for the poor in developing countries—including by making loans to help
meet educational demands.
IFC, a member of the World Bank Group, creates opportunity for people to
escape poverty and improve their lives. We foster sustainable economic
growth in developing countries by supporting private sector development,
mobilizing private capital, and providing advisory and risk mitigation
services to businesses and governments. Our new investments totaled $14.5
billion in fiscal 2009, helping channel capital into developing countries
during the financial crisis. For more information, visit www.ifc.org.
Anhanguera Educacional Participações
SA is Brazil’s leading private post-secondary institution. Its innovative
business model is based on a structured curriculum, a decentralized network
of campuses, and standardized delivery through a campus network offering
more than 90 undergraduate and graduate programs; vocational training centers
offering short-term information technology and business-related disciplines;
and distance learning centers, offering undergraduate, graduate, and extension
programs. For more information, visit www.unianhanguera.edu.br.