'Supporting girls to get 12 years of quality education is one of the smartest investments we can make as the world recovers from Covid-19,' said Boris Johnson. AFP PHOTO / Jessica Taylor /UK Parliament.
'Supporting girls to get 12 years of quality education is one of the smartest investments we can make as the world recovers from Covid-19,' said Boris Johnson. AFP PHOTO / Jessica Taylor /UK Parliament.
'Supporting girls to get 12 years of quality education is one of the smartest investments we can make as the world recovers from Covid-19,' said Boris Johnson. AFP PHOTO / Jessica Taylor /UK Parliament.
'Supporting girls to get 12 years of quality education is one of the smartest investments we can make as the world recovers from Covid-19,' said Boris Johnson. AFP PHOTO / Jessica Taylor /UK Parliamen

UK gives £55m in education aid to get more children into school


Jamie Prentis
  • English
  • Arabic

Britain announced it would give £55 million ($77.5m) to a new aid programme that will support research into education reforms in the developing world and improve access to learning for young people.

The What Works Hub for Global Education will advise governments in Africa and Asia “on the most impactful and cost-effective ways to reform school systems and support female enrolment”.

UK Foreign Secretary Dominic Raab said the project would “help schools target teaching to the right level of pupil understanding, explain the benefits to parents of sending their daughters to school, and measure the effectiveness of school programmes and reforms aimed at keeping girls in the classroom”.

On Thursday, Prime Minister Boris Johnson will connect virtually with a school in Kenya as part of the UK’s drive to get 40 million more girls into the classroom over the next five years.

Joining the call will be Kenya's President Uhuru Kenyatta and Julia Gillard, Australia's former prime minister and now chairwoman of the Global Partnership for Education, the UN-backed body seeking to raise at least $5 billion over the next five years to improve education systems in the developing world.

The UK and Kenya will host a summit in late July to support the fundraising campaign.

“Supporting girls to get 12 years of quality education is one of the smartest investments we can make as the world recovers from Covid-19. Otherwise we risk creating a lost pandemic generation,” Mr Johnson said.

“Across the world there is a vast untapped resource – girls whose education has been cut short or denied altogether, who could be leading efforts to pull their communities out of poverty.

“I’m going to be working throughout the UK’s G7 presidency to ensure leaders invest in those girls and boost children’s life chances around the world.”

Last year, about 1.6 billion children were out of school because of the pandemic, with those in the developing world at greater risk of being adversely affected by classroom closures.

Ms Gillard said the July summit offered a “critical opportunity” to support GPE’s effort to bolster education.

“Covid-19 has worsened the global education crisis and hit children in lower-income countries the hardest, with life-changing consequences for millions,” she said.

“Now, we are at a decisive junction. When the world builds back from the pandemic, ensuring that every girl and boy has the opportunity for a quality education is the single best investment we can make for a more sustainable, peaceful and resilient future.”

Mr Kenyatta said the GPE provided “critical catalytic funding” that helped improve education quality and equity.

“Protecting domestic education budgets and ensuring that we do not lose education momentum because of the Covid-19 pandemic will enable us to create more prosperous and resilient economies.

“We need to make smart investments in education technology to help close the digital divide and leapfrog infrastructure deficits in schools,” he said.

What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

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