Finance and Development: How Investing in Education Boosts Development. Cultivating minds, Volume 42, Issue 2
International Monetary Fund, 2005 - Business & Economics - 60 pages
The paper highlights that over the past century, access to education has increased enormously, illiteracy has fallen dramatically, and a higher proportion of people are completing primary, secondary, or tertiary education than ever before. But huge problems remain. About 115 million children of primary school age are not currently enrolled in school. Most are illiterate and live in absolute poverty—the majority female. Some 264 million children of secondary school age are not currently enrolled, and the quality of schooling is often low.
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achieving universal American Asia assessments average basic education billion boost borrowing Brazil budget capital markets Central Bank commitments competition policy cost coun country’s debt relief developing countries Development June 2005 domestic donors economic growth education spending effects equity Europe European Eurosystem evaluation fees Finance & Development fiscal space gender global compact Global Fund gross enrollment ratio health capital health spending higher education human capital IMF’s impact implement improve income increase India institutions investment Latin America loans macroeconomic Mario Monti MDGs measures ment Millennium Development Goals Monti nomic odious debt percent of GDP percentage point political poor countries poverty primary and secondary primary education primary school programs projects public spending Raghuram Rajan rates reduce reforms region repayments role school-age secondary education sector social spending tion UNESCO universal basic World Bank