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International Finance Corporation

World Bank invests in Baltimore-based Laureate Education

A division of the World Bank Group announced Wednesday that it has invested $150 million in Laureate Education Inc., giving the international development organization a small stake in the Baltimore-based global higher education company.

"It's an incredibly strong endorsement for the company," said Douglas L. Becker, Laureate's chairman and CEO, of the investment by the International Finance Corp. and its affiliate, the IFC African, Latin American and Caribbean Fund.

With annual revenue of about $4 billion, Laureate does not need the money but is eager to have the backing of an investor led by members of international governments, he said.

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