World Bank To Fund Female Education with $2.5B: Michelle Obama Calls For Action

First Lady Michelle Obama announced in Washington on Wednesday the World Bank is planning to fund female education with $2.5 billion in poor countries. World Bank is looking forward to the developments of projects that concerning women.

Valuing Girls

"While today's announcement is tremendously exciting and has the potential to be truly transformational, it is also, in many ways, obvious, right, ladies?" Michelle Obama said. "Research on the value of girls' education is overwhelming and irrefutable."

According to VOA, Michelle Obama explained that ladies are the most responsible for building their families health with lower infant death and higher vaccination counts. In fact, females have the capability to improve their countries' economies by submitting more to the labor market.

Economic Growth

As a matter of fact, development experts described that education has a big role in helping the economic growth. In a study made by World Bank, it found out that girls' constant income improved by 18 percent for every year she goes to school.

Moreover, Michelle Obama asserted the move of World Bank just proves education is one of the most effective ways to empower the lives of every female. Through this, ladies can help their families, communities and even their own countries.

Empowering and Educating Women

"[It is also] an affirmation of these girls' extraordinary promise," Michelle Obama claimed. World Bank, on the other hand, expounded education projects for women are essential for its advancement efforts, as per World Bank Group.

"I'm very excited to join the First Lady in announcing this major boost in funding for adolescent girls' education," World Bank Group President Jim Yong Kim said. "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."

President Jim Yong Kim added the additional education fund aims to help countries and regions like the Sub-Saharan Africa and South Asia to have a quality education. The World Bank, too, intends to make education fair and accessible to every girl to achieve their real capabilities.

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