In his recent Huffington Post blog, World Bank President Jim Kim spoke about how the learning crisis is one of the greatest obstacles to development. According to the United Nations, an estimated 171 million people can lift themselves out of poverty if all students in poor countries acquired basic reading skills.
education strategy 2020
When President Obama announced a number of investment priorities for his second term that would expand the economy and strengthen the middle class, his focus on bolstering early childhood education caught my attention. I agree with his premise and furthermore think that what is good for the United States is also good for developing countries. But what stands in the way of a more aggressive, nationwide emphasis on early childhood development worldwide? Are opportunities being missed because of lack of knowledge or coordination failures?
At a time of fundamental uncertainty on global financial markets, how should the World Bank help countries respond? Mohamed El-Erian, CEO of the global bond management giant PIMCO, took on this question during his recent talk at the World Bank, which was part of the PREM seminar series. One of his answers may come as a surprise: Invest in girls' education!
First, some background: El-Erian is one of the most influential figures in the world of finance. His firm manages $1.8 trillion in assets, an amount that comfortably exceeds Japan's foreign-exchange reserves, and he's on Foreign Policy magazine's list of Top 100 global thinkers. As a longtime former IMF official, El-Erian is also intimately familiar with international financial institutions.
Recently, I was part of the Global Economic Symposium held in Rio de Janeiro. This year’s theme was Growth through Education and Innovation; I presented as part of a panel entitled Effective Investments in Education.
My presentation focussed on the fact that a growing and compelling body of research shows that teacher effectiveness varies widely - even across classrooms in the same grade in the same school. Getting assigned to a bad teacher has not only immediate, but also long term, consequences for student learning, college completion and long-term income.
Today in New York, the U.N. Secretary General announces the launch of his Education First initiative to raise the political profile of education, strengthen the global movement to achieve quality education and generate additional funding through sustained advocacy efforts.
It’s an exciting step on the road to achieving the Millennium Development Goals, and reconfirms the world’s commitment to education as a basic human right and fundamental building block for development.
This is an excerpt from "School Vouchers Can Help Improve Education Systems" published on the Opinions section of the World Innovation Summit for Education (WISE) website.
As the demand for education increases, resources remain scarce. In most countries, the government is both the major financier as well as the provider of education. However, schooling still does not reach all members of society equally.
One way of financing education is to provide families with the funding – via cash transfers to schools based on enrollments or by providing cash to families to purchase schooling – in other words- through vouchers. The objective of a voucher program is to extend the financial support from the government to these other education providers and thus give all parents, regardless of income, the opportunity to choose the school that best suits their preferences.
On the occasion of International Literacy Day, World Bank President Jim Kim talks about the World Bank's Education Strategy 2020, and its role in promoting literacy and achieving universal learning.
With contributions from:
-Haja N. Razafinjatovo, Former Minister of Finance and of Education,Madagascar
-Mamadou Ndoye, Former Minister of Education, Senegal
-Dzingai Mutumbuka, Former Minister of Education, Zimbabwe
-Birger Fredriksen, Former Sector Director for Human Development, World Bank, Africa Region
Several former African Ministers of Education attended Workforce Development: What Matters? at the World Bank. The event is part of the System Approach for Better Education Results, Workforce Development initiative (SABER WfD). Below are key takeaway messages from these former ministers regarding the initiative and the challenges of workforce development, particularly in Africa.
WfD is a recognized global challenge. Countries at all levels of development are struggling to address the dual challenge of producing the skills required to achieve sustained economic growth in a rapidly changing global economy, and generating employment both for young people joining the labor force and for workers in declining industries.
I was delighted to join the recent colloquium, Getting to Equal in Education: Addressing Gender and Multiple Sources of Disadvantage to Achieve Learning. It was a great initiative, with a whole range of experts and advocates in the room, ranging from old hands to much young blood!
This April marks the first anniversary of the World Bank’s Education Sector Strategy 2020, Learning for All: Investing in People’s Knowledge and Skills to Promote Development. Why Learning for All?