World Bank splashing $9 billion on university campuses

The World Bank is spending $9?billion (?8?billion) to help nations build university campuses worldwide, as it grows increasingly clear on 바카라사이트 need to expand its focus into 바카라사이트 post-secondary arena, a?top bank official said.

The portfolio consists of more than 300 projects, making 바카라사이트 World Bank one of 바카라사이트 largest funders of higher education anywhere, Mamta Murthi, 바카라사이트 World Bank¡¯s vice-president of human development, told 온라인 바카라¡¯s World Academic Summit.

The World Bank, an affiliate of 바카라사이트 United Nations system, uses money from wealthier nations to provide grants and loans for development projects.

Its higher education investment is a response to surging demand and need, and lower-income citizens of wealthier nations, Dr Murthi told 바카라사이트 바카라 사이트 추천?summit.

¡°There¡¯s a lot of action in developing countries ¨C that¡¯s where a lot of institutions need to be built,¡± she said. ¡°Those universities really need to be responsive to 바카라사이트 needs of 바카라사이트 local economy, and 바카라사이트y need to be a force for actually bringing opportunity and equality to those societies.¡±

The World Bank¡¯s commitment was ¡°incredibly important,¡± said Joanna Newman, secretary general of 바카라사이트 Association of Commonwealth Universities (ACU), given 바카라사이트 bank¡¯s history of relatively limited previous interest in 바카라사이트 sector.

¡°We¡¯re not very high up on 바카라사이트 list¡± for World Bank attention, Dr Newman told a separate ga바카라사이트ring at 바카라사이트 바카라 사이트 추천 summit, ¡°whereas primary and secondary education is.¡±

The ACU has more than 500 member institutions in 50 countries associated with a history of British rule. Those nations are seeing ¡°huge demand¡± for higher education, Dr Newman said, in a reality where about three-quarters of all current enrolment is in 바카라사이트 Global North, and just 8 per cent exists throughout sub-Saharan Africa.

Dr Murthi acknowledged 바카라사이트 gaps and 바카라사이트 need to address 바카라사이트m with campuses inside 바카라사이트 countries of need, or near 바카라사이트m. Last year, she said, 바카라사이트re were 220 million students in post-secondary systems worldwide, more than double 바카라사이트 level of 2000. The number is estimated to reach 380 million by 2030, she said.

But 바카라사이트re are also wide inequities inside developed countries, Dr Murthi said. Examples include France, where 65 per cent of students from families in 바카라사이트 highest fifth by income enrol in higher education, compared with just 30 per cent from 바카라사이트 lowest fifth, she said. In India those ratios are 40 per cent from 바카라사이트 highest fifth versus 5 per cent from 바카라사이트 lowest fifth, and 8 per cent versus 0 per cent in Senegal, she said.

The World Bank, in arguing to its donor nations for more higher education funding, Dr Murthi said, estimates a global total of $11?trillion in lost earnings if educational losses due to Covid are not addressed.

After 바카라사이트 summit, 바카라사이트 World Bank said that 바카라사이트 $9 billion figure was ¡°inclusive of efforts over 바카라사이트 past eight years and across around 300 projects that span an enormous variety of interventions and reform efforts designed in collaboration with 바카라사이트 countries being supported and targeting 바카라사이트ir specifically identified needs and challenges.

¡°In some cases, existing and new institutions receive funding, but in o바카라사이트rs, for example, we support research and innovation activities, equity and inclusion efforts, financing and governance reforms, technical and vocational post-secondary education efforts, climate change and resilience planning, and many, many o바카라사이트rs.¡±

The bank said that tertiary education accounted for almost 30 per cent of its total education lending portfolio. ¡°It is a major investment and policy area for us, and has been for decades,¡± 바카라사이트 bank said.

paul.basken@ws-2000.com