Girls, Too

30 April 2009, Issue No. 24 - The Financial Crisis

Issue No. 25, 30 April 2009
United Nations Girls Education Initative
If you have trouble viewing this newsletter, please click here
The Financial Crisis
Girls reading

In the remote province of Lao Cai, Viet Nam, girls from an indigenous community read outdoors at Ban Pho Primary School
(© UNICEF/NYHQ2009-0222/Josh Estey)

After the G20: Leaders pledge on education investment

LONDON, United Kingdom, 7 April 2009 - World leaders at the G20 summit pledged to support investment in education and training to help the most vulnerable find a way out of the economic crisis. The pledge came in a Leaders' Statement issued after the summit held in London on April 2 and under the header of ‘ensuring a fair and sustainable recovery for all."

Leaders pledged to "support employment by stimulating growth, investing in education and training, and through active labour market policies, focusing on the most vulnerable."

Committing $US1.1 trillion of additional resources to address the crisis, the summit acknowledged that the only way out of what it described as the greatest challenge to the world economy in modern times' was to find a global solution which enabled growth to be shared and sustainable.

The historic decisions made at the G20 summit in London on April 2 were welcomed by the Chief Executives of 28 UN bodies, including the UN Secretary-General Ban Ki-Moon, at a meeting at UNESCO headquarters in Paris on the weekend on 4 and 5 April.

The chief executives meeting highlighted the fact that even before the onset of the current financial crisis, significant challenges existed in terms of food, education, health, water and sanitation, housing and minimum welfare for the most needy.

Read the full story »

Other headlines

Upcoming events

15-17 May
- World Economic Forum on the Middle East 2009
25 May - Africa Day
27-28 May - UNGEI Global Advisory Committee meeting
More events »

Partner Profile


The World Bank's strategic thrust is to help countries integrate education into national economic strategies and develop holistic education systems responsive to national socio-economic needs.

Read more »

spacerQuick Facts - Financial Crisis

Impact of the 1997 Financial Crisis on Education in East Asia


  • Rupiah fell 6% against US$. GDP contracted by 14%
  • Secondary enrolment fell by as much as 11%; drop-outs increased, particularly among the poor


  • Baht plummeted; Thailand GDP fell 8%
  • Students left school at transition points (elementary-middle-high school)

Republic of Korea

  • Won depreciated sharply; GDP contracted 6%
  • Drop-out rates increased sharply; transition from private to public education


  • Peso plummeted; GDP shrank
  • Secondary school enrolment fell 8%
Source: Ablett, Jonathan, and Ivar-André Slengesol, Education in Crisis: The impact and lessons of the East Asian Financial Shock 1997-99, UNESCO, Paris, 2001.

AIDS Clock

World Bank video: Book launch of “Girls’ Education in the 21st Century: Gender Equality, Empowerment and Economic Growth”

View »

Get involved


Sign up for the eDiscussion and tell us what you think!

Read more »

If this email was forwarded to you, you may subscribe to our mailing list by going to

Click here to refer a friend to this email.
Click here to change your options for delivery or format or update your email address.
Click here to stop receiving these messages.