(Source: World Bank) The World Bank joined governments and the private sector today to launch the Adolescent Girls Initiative (AGI) to promote the economic empowerment of adolescent girls in poor and post-conflict countries.
The AGI is being piloted in Liberia through a partnership between the Bank, the Nike Foundation and the Governments of Liberia and Denmark. It will be expanded in the coming year to include Afghanistan, Nepal, Rwanda, South Sudan and a sixth country to be identified. The initiative provides funding of US$3 - 5 million per country, and is a new way for the World Bank to engage with the private sector.
“Today, adolescent girls in poor countries are generally better educated than they were 20 years ago. But they remain far behind boys when it comes to the workplace,” said World Bank Group President Robert. B. Zoellick. “Investing in adolescent girls is precisely the catalyst poor countries need to overcome poverty. Investing in them is not only fair. It is a smart economic move.”
“Girls are key for the economic future of our country,” said Liberia ’s President Ellen Johnson Sirleaf. “We are proud of being the first country to adopt the Adolescent Girls Initiative, and we want others to join us in expanding this effort to improve the economic future of girls and young women around the world.”
The Initiative was launched today during a conference co-organized by the World Bank and the Nike Foundation to underscore the importance of investing in girls because of their ability to bring unprecedented social and economic change to their families, communities and countries.
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