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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.
About IFC
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
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About Anhanguera
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
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