Childcare (IFC-603007)

Regions
  • Africa
  • East Asia and Pacific
  • Latin America and Caribbean
  • Middle East and North Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Bangladesh
  • Cambodia
  • Egypt
  • Fiji
  • India
  • Jordan
  • Kenya
  • Lebanon
  • Mexico
  • Myanmar
  • Nigeria
  • Pakistan
  • Romania
  • Solomon Islands
  • South Africa
  • Sri Lanka
  • Vietnam
Geographic location where the impacts of the investment may be experienced.
Specific Location
Worldwide
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Mar 16, 2019
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
World
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 1.18 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 1.18 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Apr 2, 2020

Disclosed by Bank Dec 10, 2019

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

Building on this research, IFC’s Global Tackling Childcare Advisory Program is a three-year program that works with companies across regions and sectors to facilitate the implementation of good family-friendly practices through advisory engagements and peer learning. The Program has helped companies conduct employee childcare needs assessments, develop and implement action plans, share knowledge, and measure and communicate the business case for investing in childcare so that they can continue making these investments.

The program also focuses on improving the enabling environment for employer-supported childcare in the 26 countries where, according to IFC’s research, employers are legally mandated to provide childcare. The program does this by:
• Conducting research to identify care demand and supply barriers and gauge employer readiness for legal compliance, and by bringing together public and private sector partners to discuss the business case and solutions to increase compliance. In addition, through market research, the program aims to identify investment opportunities in nascent care markets.
• Working with the World Bank, governments, and related entities to inform childcare policies.

The program’s regional scope includes ongoing work in Bangladesh, Cambodia, Egypt, Fiji, India, Jordan, Kenya, Lebanon, Mexico, Myanmar, Nigeria, Pakistan, Romania, Solomon Islands, South Africa, Sri Lanka, and Vietnam.

Follow this work on Twitter #TacklingChildcare and read various reports, case studies, and blogs here: www.ifc.org/tacklingchildcare

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

*Projects contacts not available at the time of disclosure.*

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

How it works

How it works