The World Bank has pledged to double its funding for education in Africa to $6.2 billion by 2025 to provide every child with the opportunity to access a quality education.
Ms. Ousmane Diagana, Vice President of the World Bank for West and Central Africa, revealed this on Monday during a press conference closing the ministerial meeting on education for East Africa. West and Central, said the move was aimed at expanding access to education in Africa.
He said that currently the bank has spent $3.1 billion from its portfolio on financing education in Africa.
Mr Diagana said the funds would be used to support primary, secondary and higher education.
The conference day organized by the World Bank and attended by the Ministers of Finance and Education of the countries of the two regions, representatives of regional authorities and officials of the World Bank, was also used to launch the World Bank West and Central Africa Education Strategy 2022-2025.
It aimed to galvanize action around highlighting the key findings of the World Bank’s West and Central Africa Education Strategy 2022-2025 and build a coalition on the education movement. education by placing more emphasis on quality education to promote human capital in the regions of West and Central Africa.
The World Bank’s Western and Central Education Strategy for West and Central Africa 2022-2025 is a comprehensive roadmap with achievable goals and outcomes.
Developed by education experts from both regions, it focuses on improving teaching and learning, reducing learning poverty, expanding access to relevant jobs and vocational training .
Mr. Diagana said the World Bank’s new education strategy for Africa was to tackle the barriers that hinder access to quality education on the continent.
“The education system in Africa is going through a crisis,” he said, explaining that this was the reason why the World Bank had developed the new strategy for the two regions.
Mr. Diagana said the new education strategy was developed by education experts from Africa.
He said the World Bank would convene a conference on financing education in Africa in Senegal on July 7 this year.
The Minister of Education, Dr. Yaw Osei Adutwum, said in his address that the launch of the new education strategy was a key milestone for the delivery of education in Africa.
He said the Accra Call to Action called for urgent action to improve education provision in the country, adding that “Africa needs to look at what others have done to develop.”
Dr Adutwum said the government was building seven technical and vocational colleges to promote practical training in the sector.
“The vicious circle of poverty in Africa can turn into a cycle of prosperity if education is improved,” he said.
The World Bank’s Regional Human Development Director for West and Central Africa, Dena Ringold, said the new education strategy takes into consideration the needs and particularities of different countries in the two regions.
“The new education strategy is inspired by the diversity of the countries in the sub-region. And I think what is inspiring in the strategy is the number of good examples that come from the countries of the region”, a- she declared.
The Regional Director added that “what is unique about this strategy is that it is not an education sector strategy. It is an education improvement strategy “.