World Bank: USD13 Billion Annually Needed for Gender Equality

A joint study by the World Bank and the Organization for Economic Cooperation and Development revealed that around USD13 billion each year is required to foster gender equality and women empowerment worldwide. The report stressed that 19 countries, 13 of which are in Sub-Saharan Africa, will most likely not meet the Millennium Development Goal on gender parity in primary and secondary school enrollment. “Gender equality is key for poverty reduction and growth,” said Danny Leipziger, World Bank vice president for poverty education and economic management. “Progress on women’s education is essential but not enough if we don’t improve women’s access to good jobs and credit lines, to land ownership and to income-generating activities,” he continued. (“USD13 bn a year needed to achieve gender equality: World Bank” - Economic Times, Sept. 24, 2008)

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