Gordon Brown:  I  Will Fund $10bn Scheme To Boost Education In Poor Countries

Gordon Brown: I Will Fund $10bn Scheme To Boost Education In Poor Countries

By Gavin Mackintosh-

Gordon Brown is launching a bright $10bn (£7.4bn) scheme to widen access to education in some of the world’s poorest countries.

The UN global education envoy and ex-UK prime minister wants donor countries to act as guarantors on low-cost lending for projects.

The monetary infused fund aims to tackle the problem of 260 million children without schools.

Mr Brown said in a stern warning star to the UN in New York that such gaps would have “catastrophic consequences”.

The International Finance Facility for Education, backed by the UN and World Bank, aims to provide $10bn worth of loans and grants to allow poorer countries to build schools and hire teachers.The funding is designed to create places for an initial 20 million children currently out of school.

UN Secretary-General Antonio Guterres said it was “critical” to get international support for the funding initiative.

Mr. Gordon plans to liaise with representatives of 20 countries , expected to welcome support this project.

Ambitious Gordon Brown wants them to provide financial guarantees for loans for education, in the way that financing was used for mass immunization schemes.  The former prime ministers say he wants to have the first generation in history in which all young people have a chance to go to school.

Access to education, he says, is the “civil rights struggle of our time”.

SCARCITY

The scarcity of good school places has appeared to be an “intractable problem”, but said the funding would provide low-income countries, such as in sub-Saharan Africa, with a way of making rapid progress.

Current aid levels only provided a fraction of what was needed – when education was “vital to economic success and individual potential”.

“We can’t get away from the fact that there’s an education crisis. This divide has catastrophic consequences,”  Mr Brown said.

“Instead of being in school, children will be trapped as labourers, brides, soldiers, and victims of trafficking.

“Aspiring doctors, lawyers, teachers, and innovators of tomorrow will never realize their talents – this is a loss we cannot afford.”

 

Pic Credits: en.wikinews.org