The COVID-19 pandemic could drive up learning poverty, the share of 10-year-olds who cannot read a basic text, to around 70 percent in low- and middle-income countries, according to preliminary analysis from an upcoming World Bank report. This rise is a result of the prolonged school closures and poor learning outcomes despite government efforts to deliver remote learning. In many of these countries, schools have been closed for as many as 200 to 250 days, and many have yet to reopen.
These latest data show an increase of 17 percentage points in learning poverty, even grimmer than the estimate of a 10 percent deterioration issued earlier this year. Prior to the pandemic, learning poverty was already at 53 percent and initially estimated to rise to 63 percent, but the new data shows an actual rise to 70 percent.
“Hundreds of millions of children have lost at least a full year of schooling due to COVID-19. This pandemic has brought about the largest loss of human capital in living memory and the worst education crisis in a century,” said World Bank Group President David Malpass. “It’s vital for children to be in school, especially primary school age children. The consequences of school closures could be felt for decades and are contributing to even wider inequality, particularly for girls.”
Evidence from several countries also confirms these stark trends. In Brazil, research from the state of Sao Paulo found that every month of school closure meant at least one month of foregone learning. As a result, a child who was in 3rd grade when schools were open, and who is now returning to school after one-and-a-half years of school closures, has the learning level of a 3rd grader, not that of a 5th grader. As other studies showed, similar learning losses have been recorded in the Western Cape province in South Africa and in the state of Karnataka in India. Failure to recover these losses will lead to as much as a 10% loss in life-time earnings for the generation of children in countries with longer school closures.
COVID-19 has dealt a severe blow to the lives of young children, students, and youth and further exacerbated inequalities in education. On top of the intergenerational inequality due to lost and missed learning for this generation, the gap in achievement between rich and poor children has also widened. Many young children—an estimated 350 million children at the peak of the crisis—also lost their main meal at school, risking an increase in child malnutrition and irreversible damage to their cognitive, language, and physical development and human capital. Among different age groups, the pandemic’s impacts on learning have been most evident for primary school and pre-K children.
Many students are also likely to fall further behind due to the pandemic, as they will not return to school once schools reopen. In Kenya, one month after schools reopened in January 2021, a third of adolescent girls and a quarter of adolescent boys — between the ages of 15 and 19 — had not returned to school. This finding is comparable to the trend observed during the Ebola epidemic in Sierra Leone where schools were closed for almost a full year and between one-fifth and a quarter of adolescents did not return to school.
“The losses in education are one part of the dramatic human capital reversals that are threatening this generation. It is both a moral and economic imperative for us to take action,” said Mamta Murthi, Vice President for Human Development at the World Bank. “Countries must implement ambitious and aggressive plans at scale to recover these losses, with a sharp focus on the most disadvantaged populations, particularly girls, children with disabilities, and those in poorer families.”
In response to the deepening education crisis, the World Bank has rapidly ramped up its support to developing countries, with projects reaching at least 432 million students and 26 million teachers – one-third of the student population and nearly a quarter of the teacher workforce in current client countries. The World Bank is the largest source of external financing for education in developing countries. In the last two fiscal years, our support to education has reached $11.5 billion.
France challenges UK for title of Europe’s Greatest Equities Market
Paris is challenging London’s leadership as home to Europe’s largest stock market, undermining post-Brexit Britain’s standing as the continent’s most important financial center, – recognizes “The Financial Times”.
The market capitalization of all companies listed in the French capital rose from $1.8 trillion at the start of 2016 to $2.83 trillion, closing the value of London shares at $2.89 trillion, according to Refinitiv.
“It is a result of the poor performance of British equities, the poor pipeline and performance of new issues in the UK, and the terrible performance of the pound. It is clearly not good news for London – and Brexit is a big factor in all three.”
To re-establish its traditional leadership, the UK government aims in the coming months to finalize proposals to reform the City of London.
However, competition from Paris is set to intensify as France is rated the preferred European stock market by fund managers. 17 percent of fund managers said they planned to “overweight” French equities over the next 12 months, according to a Bank of America survey of 161 investment managers with combined assets of $313 billion.
Paris is difficult London’s lead as the house to Europe’s greatest inventory market, consuming away at Britain’s place after Brexit because the continent’s most essential monetary centre.
“This gap between London and Paris in the domestic market is a lot smaller than it used to be or should be,” stated William Wright, founding father of New Financial, a UK think-tank, – writes “Business Land”.
…Thus the strange politics of London in recent years – from Brexit to a kaleidoscope of people in the prime minister’s chair, has led to the fact that Britain may say ‘goodbye’ even to such a privilege as being the financial center of the World and Europe.
4 Best Tips How To Write A Literary Analysis Essay
Writing a literature essay or analysis is not an easy task. It is necessary to plunge deeply into the text and understand why the author used various techniques. You will also have to comment on the plot, events, and characters. Creating an excellent literary analysis requires patience, skills and theoretical knowledge. If you are missing the last item, read this article to the end.
First of all, you need to understand what analysis means in literature, and your best friend in doing so is practice. Writing essays may be challenging, especially when the words are buzzing around your head but refuse to appear. If you can’t concentrate and come up with something, try to read a literary analysis essay written by a professional, just for a start. It will give a basic understanding of how to write a literature essay, and you will feel sure. Sometimes a proper example is the best teacher, and it is better to see an excellent work once to learn from it.
So, what’s coming next after getting a sample? The following step in writing a literary analysis essay is thoroughly studying the text and formulating a thesis statement. Take into account the general format of an academic essay while you write:
- An opening paragraph that conveys your essay’s key argument.
- The body of your paper is broken up into sections, where you present your thesis and back it up with textual proof.
- A summary of the core argument you’ve made throughout your analysis.
Study the source(s) and make some preliminary notes. Highlight the aspects you find catchy, unexpected, or baffling; these are the areas you should focus on in your paper.
One of the primary purposes of literary analysis is to go deeper into a piece of literature. First and foremost, a student should be on the lookout for literary devices, which are linguistic tools authors use to emphasize certain points in the text or evoke specific emotions in the reader.
The best tip for writing all essays is to have a proper outline. Here is one you might use. For additional inspiration, you might also use Phdessay or other services with an impressive essay collection. It’s always beneficial to look at other authors’ interpretations and consider what you can borrow from them. And, of course, nobody canceled the structure, the bibliography, and the citations. Don’t miss anything important!
The first step in writing a literary analysis introduction for a literary analysis essay is to provide the work’s title and author. You need one or two phrases at the most to express yourself. The focus should be on the central theme for these phrases to be more compelling.
Give a quick summary of the book and discuss its significance in the literary canon. Why do we need to analyze this? Where does the author draw a line between right and wrong?
Get started on your paper by formulating a thesis. Justify your argument’s central thesis and its most critical supporting arguments.
Write a separate paragraph to elaborate on each of the claims made in the thesis. For example, a 600-word essay needs no more than three paragraphs. Use a clear subject phrase at the beginning of each one. Then, it would be best if you elaborated on your key argument. Every claim must be backed up with examples from the literature piece.
A literary analysis essay conclusion is the last paragraph you write to wrap up your assignment. Provide a brief overview of the work, your thoughts and emotions, and other relevant details here. Don’t start talking about anything else.
Emphasize the reasons your position is sound and the evidence you’ve provided in the paper’s middle part.
After the essay’s main points have been refined, they should be checked for typos and other errors. Sometimes it helps to read the whole text aloud slowly and clearly. Someone else should do it for you if feasible.
Multiple copies of the document should be produced and proofread before a final copy is made. It’s important to keep an eye out for sentence fragments, comma splices, and other frequent grammatical mistakes.
This academic task aims to analyze and assess some facets of a piece of literature. A literary analysis essay is defined as one that investigates the language, viewpoint, imagery, and structure. These methods are dissected to get to the author’s true intentions. After all, any analysis aims to shed light on the material by revealing hidden meanings. Your interpretations of the source material should be described in an analytical style that goes beyond a simple synopsis.
Boosting Equitable Development as Kenya Strives to Become an Upper Middle-Income Country
The World Bank Group (WBG) Board of Executive Directors today voiced its support for the WBG’s latest six-year strategy to support Kenya in its ongoing efforts towards green, resilient, and inclusive development.
The Kenya Country Partnership Framework (CPF) is a joint strategy between the World Bank, the International Finance Cooperation (IFC), and the Multilateral Investment Guarantee Agency (MIGA) and the government to promote shared prosperity and reduce poverty for the people of Kenya. Informed by extensive stakeholder consultations, the CPF seeks to drive faster and more equitable labor productivity and income growth, greater equity in development outcomes across the country, and help sustain Kenya’s natural capital for greater climate resilience.
“The people of Kenya are in a position to reap even greater dividends from the country’s robust economic growth in terms of more durable poverty reduction,” said Keith Hansen, World Bank Country Director for Kenya. “Tackling the drivers of inequality now will help to ensure that Kenya can achieve and maintain more equitable development in the long run.”
Over the past decade, Kenya’s economy has outperformed its Low- and Middle-Income Country (LMIC) peers with the growing number of better-educated and healthier Kenyans in the labor force contributing more than any other factor to rising gross domestic product (GDP). More recently, however, the pace of poverty reduction, and then the COVID-19 pandemic, revealed how vulnerable many households are when faced with shocks. Though Kenya’s economy is rebounding from the pandemic and projected to grow by an average 5.4% during 2022-24, the ongoing drought and global inflation are causing poverty to rise. The CPF finds that Kenya is still well positioned to secure more inclusive growth and the WBG is ready to provide support that targets lagging areas and communities with better services and infrastructure that build household and community resilience. In doing so, it aims to help Kenya avoid the inequality and productivity traps experienced by other Middle-Income Countries (MICs).
“Kenya’s private sector is poised to drive faster job creation and to seize new opportunities from global and regional integration,” noted Jumoke Jagun-Dokunmu, IFC Regional Director for Kenya. “This will require a more level playing field for competition and innovation for large and small firms and between public and private enterprises.”
The CPF also aims to help raise the productivity of small firms, small producers, and women entrepreneurs, improve the investment climate across the country, and stimulate more private participation in public service delivery. To support Kenya’s response to climate change, the CPF has programmed investments to reduce water insecurity, and to mobilize more climate finance for both public and private investments.
“MIGA aims to unlock more private sector investment in climate responsive projects in Kenya through innovative financial solutions,” said Merli Baroudi, MIGA Director for Economics and Sustainability. “Kenya’s impressive progress in mobilizing private capital for renewable energy augurs well for other sectors.”
The CPF draws on Kenya’s Vision 2030, the new government’s development agenda, a Systematic Country Diagnostic, a Country Private Sector Diagnostic, a Completion and Learning Review of the previous Country Partnership Strategy, and over 34 stakeholder consultations, including with Kenya’s diaspora. The World Bank Group is Kenya’s largest development financier. IFC’s portfolio of private sector investments in Kenya is its fourth largest and fastest growing in Sub-Saharan Africa and MIGA’s financial operations in Kenya are its third largest program in Africa.
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