The former President of the World Bank Jim Yong Kim spoke at the Center for Strategic and International Studies in 2015 regarding the organisation’s mission to drive forward the final push in ending extreme poverty by the year 2030.
Kim’s speech was broadcast via Webcast for those that could not attend. The focus of the speech was on the long-term picture for developing nations at a time in history when economic development in some of the poorest regions of the world has reached a critical point.
Previous focus has been on short-term goals, driven by challenges posed by conflict, fluctuating oil prices and slow-moving economies. Kim spoke of how the time has now come to implement long-term strategies for improving outcomes for the poorest people in the world, closing the gap between rich and poor and delivering sustainable solutions.
One of the key ambitions for the World Bank Group is to deliver quality education to people everywhere, without excluding poor communities and families. There are currently millions of families that cannot afford to send their children to school either because the costs of that education are beyond their reach or because every member of the family is required to generate an income for the family to be able to survive, even if family members are generating just the equivalent of a few cents a day.
Extreme poverty is classified as individuals living on less than $1.25 per day. Kim spoke of the importance of investing in the education of children, which leads to more productive, skilled, and employable adults. This is particularly true of women and girls, many of whom are denied access to education for numerous reasons in developing nations. Access to education must necessarily be backed up by the provision of quality education. Utilising new technologies has been shown to be a powerful tool in transforming learning outcomes for many children.
Bridge International Academies Kenya, supported by the IFC, uses tablets and proven software tools to deliver low-cost private education to children in Kenya that has proved to be more effective, and in many cases more cost-effective, than the methods used in public schools. The Bridge Kenya IFC partnership is able to provide quality education at primary and pre-primary school level.
Bridge International Academies operates hundreds of schools throughout East Africa with the financial backing of the IFC, delivering quality education to tens of thousands of children.