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Analysis: The big spender on early childhood
Nursery World,
14 May 2008
For most developing countries, the World Bank is the agency with the greatest involvement in early childhood provision. But in whose interests is it? Professor Helen Penn takes a critical look.
The biggest spender on early childhood - bigger by far than any corporate company - is the World Bank, with its 2006 investment standing at a colossal US$1.6 billion, up from just US$126m in 1990. This enormous spending stems from what the Bank sees as its 'holistic' approach to tackling the economic performance of poor countries. Teams of World Bank economists work with governments all over the world, encouraging...
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