Tag: Bank

65% lower-middle-income countries slashed education budgets after Covid-19 outbreak: World Bank



a desk with a chair in a room


Education budgets were cut by 65 percent of low and lower-middle-income countries after the onset of the Covid-19 pandemic while only 33 percent of high and upper-middle-income countries did so, according to a report by the World Bank.

UNESCO”s Global Education Monitoring report compilation

The report, compiled in collaboration with UNESCO”s Global Education Monitoring (GEM) Report, said the current levels of government spending in low and lower-middle-income countries fall short of those required to achieve the Sustainable Development Goals (SDGs).

“In order to understand the short-term impact of the Covid-19 pandemic on education budgets, information was collected for a sample

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Pandemic threatens child education, health gains: World Bank

The coronavirus pandemic threatens to erase progress made in the last decade in improving child education and health, particularly in the poorest countries, the World Bank said on Wednesday.

The conclusion comes in the Washington-based development lender’s Human Capital Index for 2020, which ranks countries on how well children are prepared for the future, with an emphasis on factors like schooling and healthcare.

This year’s report shows that most countries, particularly poorer ones, have made steady gains in improving health and education prior to the pandemic.

Despite that, the bank said in a statement a child in a low-income country

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