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Education is the best investment

Elizabeth King's picture

New research by Chris Murray at the University of Washington gives us powerful evidence of the importance of achieving MDG 2 -- education for all.  Murray found that half the reduction in child deaths over the past 40 years can be attributed to better education of girls.  For every one-year increase in the average education of reproductive-age women, a country experienced a 9.5 percent decrease in child deaths.

Fifty countries have already achieved universal primary education, but there are still 70 million school-aged children who are out-of-school - more than half are girls.  Girls also lag behind boys in completing school.   This is unacceptable. World Bank President Bob Zoellick just announced an additional $750 million in IDA support over the next five years to help girls and boys - mostly in Africa - to get in school, stay in school and learn. 

Will we remember 2010 as the turning point for women, girls, and babies?

Kavita Watsa's picture

This morning, on my way to an advocacy event on “Delivering for Girls, Women, and Babies” at the Waldorf Astoria hotel in New York, I was thinking about a pregnant Tanzanian woman in a film preview I saw recently. The preview of No Woman, No Cry had captured with terrifying clarity the helplessness of a sick pregnant woman in a remote village in Tanzania. I couldn’t help thinking the Manhattan streets around me were far removed from such painful realities.

But, as Graca Machel pointed out during the event, this wasn’t always the case. A women’s hospital had once occupied the site of the historic Waldorf Astoria—it was in fact the last hospital in the United States for women with obstetric fistulas. “We should make every fistula hospital in the world just as unnecessary as this one was found to be,” Machel said.

Aid effectiveness = working together

Axel van Trotsenburg's picture


 

It’s been 10 years since the World Bank signed on to the Millennium Development Goals. At the time, I managed the Bank's HIPC initiative, providing debt relief for the most heavily indebted countries, and I remember the hope we all felt.  I am now responsible for IDA—the World Bank’s fund for 79 of the poorest countries, for whom the MDGs are critical, and I can say that our commitment to these goals remains as strong today, if not stronger. 

We have made considerable progress on many of the goals. Growth over the past decade has contributed to reductions in extreme poverty.  In 1990, over 40 percent of the population in developing countries lived on less than $1.25 per day.  By 2005, that share fell to roughly 25 percent and is expected to fall to 15 percent by 2015, more than meeting the goal to halve extreme poverty. 

Words are not enough this week in New York

Tamar Manuelyan Atinc's picture

As the global summit gets off and running in New York to look at progress toward the Millennium Development Goals, we have a great deal to celebrate. At the same time, we have some big challenges ahead in order to realize the promise of the goals: a world that overcomes poverty and hunger, where all citizens have access to opportunity and hope.

On the celebration side: 30 years ago, 52 percent of people in developing countries lived in extreme poverty; by 2005, that share had been cut by more than half. In Africa before the triple blow of the food, fuel and financial crises in 2008, primary school enrollment rates were rising faster than in any other continent, and child mortality rates had fallen by 25 percent in about 13 countries in just 4 years.
 

Financial Access and the Crisis: Where Do We Stand?

Asli Demirgüç-Kunt's picture

Do you wonder how the recent global crisis affected access to financial services? Well I do, and a report by the World Bank Group and CGAP just provided the answer: Data show that even as countries were suffering because of the financial crisis, access to formal financial services grew in 2009.  Indeed, the number of bank accounts grew world-wide, while at the same time the volume of loans and deposit accounts dropped. The physical outreach of financial systems— consisting of branch networks, automated teller machines (ATMs), and point-of-sale (POS) terminals—all expanded.

That’s a relief. Readers of this blog know by now that I am a strong believer in expanding access. Lack of access to finance is often the critical element underlying persistent income inequality as well as slower growth. But the recent global financial crisis has led us to question many of our beliefs and re-opened old debates. It also exposed an important tension between access and stability. Were we wrong to emphasize access in the light of what happened?

Migration and Remittances News Roundup: Sept 17, 2010

Ani Silwal's picture

No woman, no cry: a tale of surviving motherhood

Mamata Pokharel's picture

The scene was heart-wrenching. Janet, a young mother in rural Tanzania is having trouble giving birth, despite being way past her due date. She visits a nearby clinic where the nurse asks her if she has any food to eat, as she doesn't have enough strength to push the baby. “Without food, the baby will not come out,” says the nurse.


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