With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. The World Bank Group works in every major area how To Invest In Bank Of America development. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress.
World Bank Group President Jim Yong Kim. Empowering and educating adolescent girls is one of the best ways to stop poverty from being passed from generation to generation, and can be transformational for entire societies. First Lady Michelle Obama highlighted the power of this investment in adolescent girls, as well as the transformative impact that adolescent girls’ education has on girls, their families and their countries. About 75 percent of these investments are expected to be from IDA, the Bank Group’s fund for the poorest countries, and largely in Sub-Saharan Africa and South Asia, which have the highest number of out-of-school girls. Programs to be supported will include a range of efforts to provide adolescent girls with access to quality education at the secondary level, ensure they are enrolled in and stay in school, and provision of scholarships, conditional cash transfers, and schools with basic facilities like clean drinking water and toilets that promote enrollment. Today, 62 million girls around the world are not in school, and half of them are adolescents. A World Bank study found that every year of secondary school education is correlated with an 18 percent increase in a girl’s future earning power.
Educating adolescent girls and promoting gender equality is part of a broader, holistic effort by the Bank Group. This includes financing and analytical work in support of removing financial barriers that keep girls out of school, delaying child marriage, improving access to reproductive health services, and strengthening skills and job opportunities for adolescent girls and young women. This multidimensional approach is outlined in the Bank Group’s new global strategy for gender equality. Today’s commitment represents a major step toward implementing the goals of this strategy as well as helping achieve the 2030 Sustainable Development Goal 4, which calls for access to quality education and lifelong learning for all, and Goal 5 to achieve gender equality and empowerment of all women and girls. As always, Bank Group financing depends on country demand, the state of the global economy, and a strong replenishment this December of IDA, the Bank’s fund for the world’s poorest countries. For more information, please visit: www.
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