The World Bank will set aside $2.5bn over the next five years for projects aimed at helping adolescent girls in the developing world go to school, in an attempt to reduce the ranks of the 62m girls around the world without access to education.
The announcement, made by US first lady Michelle Obama yesterday, is aimed at what development experts argue is one of the most effective ways of boosting long-term global economic development.
One World Bank study found that for every year of education a girl in the developing world received, her life-long income rose 18 per cent — with a vast impact on economic growth.
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