preview

Wb, Idb And The International Development Association

Decent Essays
WB, IDB and CDBs contribution to education in the Region

Through loans, innovative financial solutions, policy advice and technical assistance, the World Bank supports a broad range of programmes aimed at reducing poverty and improving living standards in the developing world. Working through the International Bank for Reconstruction and Development and the International Development Association, the Bank uses its financial resources, skilled staff, and extensive knowledge base to help developing countries generate opportunities, enhance growth and create individual opportunity. The Bank has six regional vice presidencies: Sub-Saharan Africa, East Asia and Pacific, Europe and Central Asia, the Middle East and North Africa, South Asia and
…show more content…
Moreover, the mission statement of the Latin American and Caribbean vice presidency is to help the Region achieve sustained growth and provide their citizens with equal opportunity for all access to jobs, services, and assets; reduce poverty and inequality; and strengthen natural resource management.

Consequently in 2011, the Bank launched a new Education Sector Strategy 2020, entitled “Learning for All”. The strategy recognizes that learning drives development and encourages countries to invest early (because foundational skills acquired early benefit lifelong learning), smartly (in efforts proven to improve learning), and for all (focusing not only on privileged but on all students). To achieve learning for all, the Bank Group is promoting country-level reforms of education systems, and building a global knowledge base to guide reforms. Subsequent to the development of the Education Strategy, the World Bank has become the largest external education financier for developing countries, managing a portfolio of US$11 billion, with operations in 78 countries as of April 2012. According the World Bank Group Report A-Z (2016), the Bank supports education through an average of US$3 billion in new financing a year, with more than 50 percent of new commitments made through IDA which channels about 12 percent of its financing to education.

Further, the World Bank 's share of annual lending
Get Access