US Investigates Loan to Schools in Kenya After Sexual Abuse Reports
- DFC move comes after separate World Bank investigation
- US agency lent $10 million to Bridge International Academies
The US government’s lender for development projects is investigating its oversight of a loan it made for schools in Kenya after allegations emerged of sexual abuse.
Scott Nathan, the US International Development Finance Corp.’s chief executive officer, has requested the review by its office of accountability, according to a March 19 memorandum posted on the agency’s website. The DFC said this is the first time that the agency’s management has asked for such a review of a loan.