Dubai Cares joins $ 5 billion campaign for education in developing countries
Dubai: The United Arab Emirates-based global philanthropic organization Dubai Cares on Tuesday joined a $ 5 billion (MAD 18.3 billion) education support program for children in 90 low-income countries and territories. returned.
The Islamic Development Bank (IDB) and Dubai Cares, which is part of Mohammad Bin Rashid Al Maktoum Global Initiatives, on Tuesday pledged $ 202.5 million for the Global Partnership’s “Raise your hand” fundraising campaign. education (GPE).
Dubai Cares contributed $ 2.5 million (approximately Dh 9.18 million) and the IDB pledged $ 200 million (approximately Dh 734.6 million). The promises are the first in the Middle East. With its latest commitment, Dubai Cares doubled its previous contributions to GPE in 2014 and 2018. Dubai Cares was the first non-governmental and philanthropic organization to help fund GPE.
The announcement came on Tuesday during the virtual launch in the Middle East of GPE’s ‘investment case’, which calls on world leaders to pledge at least $ 5 billion (around Dh18.37 billion) for education. in 90 low-income countries and territories.
In a video message at the virtual launch on Tuesday, Dubai Cares CEO Dr Tariq Al Gurg, who is also GPE Regional Champion, said: “If education is not getting the attention it now deserves , an entire generation on this planet could be missing out on their education; let’s lose hope for a better future. We are now at that tipping point. “
He added that the COVID-19 pandemic – which saw 1 billion children out of school in 2020 – has “reinforced the impact of an already existing education crisis” which had “previously crippled the education systems of Canada. whole world “. Gender inequality and dropout rates are “on the rise again”, in addition to the “mental health effects” of prolonged school closures, Dr Al Gurg said.
Fully funded, GPE support:
* Enable 175 million children of primary age to learn
* Reach 140 million students with professionally trained teachers
* Get 88 million more children in school, more than half of whom are girls
* Save $ 16 billion with more efficient spending
A 100-year gap?
Also speaking in a video message, Julia Gillard, former Australian Prime Minister, who chairs the GPE board, said: “Before COVID, we felt that if we did nothing to accelerate progress, we would need to about 100 years for the world’s poorest countries to reach the current educational levels of the world’s richest. We should let that sink in for a moment and decide that we need a bigger, more transformative, large-scale push… We can’t afford to wait 100 years to invest in the generation that will largely determine how we approach. common challenges. That is why we are calling on world leaders to “raise their hands” and pledge at least $ 5 billion to GPE. “
Meanwhile, the commitment of the IDB (based in Jeddah, Saudi Arabia) comes in the form of concessional loans for low-income countries’ access to education finance. IDB President Dr Bandar Al Hajjar said: “The IDB-GPE partnership offers innovative financing opportunities for Arab funds in the region to respond to the threat COVID-19 poses to the region. national education funding. “
The launch event featured remarks from senior officials from GCC countries and senior officials representing Arab development funds, among others. The event was part of a three-day visit to Saudi Arabia by GPE Vice President Serigne Mbaye Thiam.
The Raise Your Hand campaign will culminate on July 28-29 in London at a GPE fundraising summit, co-hosted by British Prime Minister Boris Johnson and Kenyan President Uhuru Kenyatta.