“…Loans are issued to support a range of activities, including school infrastructure and facilities (e.g., building schools), training, sector planning activities, administrative reforms, and technical assistance (Edwards, 2015; Edwards et al, 2015; Nagel & Snyder, 1989). Loans can be used to plan and implement initiatives that generate additional funding and in-kind contributions from families, for example, through strategies that rely on community participation in school management (Mundy & Menashy, 2012; Tadevosyan, 2008; Vavrus & Kwauk, 2013). Unsurprisingly, one of the reasons for which governments look to the World Bank for funding is that it offers financing at below-market rates—and because the World Bank, unlike typical banks, is willing to lend for social programs, such as those related to education (Terzian, 2016).…”