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World Bank Research Identifies Six Impart Strategies
MONROVIA, October 4 (LINA) - World Bank Researchers have identified the six high-impact strategies that have proven to be track records of building poor people’s earnings.
The strategies have proven to improve their access to essential services, and improved their long-term development prospects without damaging growth.
The strategies include early childhood development and nutrition, universal health coverage and universal access to quality education.
Others are cash transfers to poor families, rural infrastructure, especially roads, and electrification and progressive taxation.
According to a release from the World Bank, these policies work best when paired with strong growth, good macroeconomic management, and well-functioning labor markets that create jobs and enable the poorest to take advantage of those opportunities.
It said universal health coverage, bringing coverage to those excluded from affordable and timely healthcare and reduces inequality, while at the same time increasing people’s capacity to learn, work, and progress.
As for universal access to quality education, school enrollments have grown across the globe, and the focus must shift from simply getting children into school towards ensuring that every child, everywhere benefits from quality education.
“Education for all children must prioritize universal learning, knowledge, and skills development, as well as teacher quality,” the report recommended.
It underscored that cash transfers to poor families provide these families with basic incomes, enabling them to keep children in school and allowing mothers to access basic healthcare.
The Researchers found that rural infrastructure, especially roads and electrification, reduces transportation costs, connects rural farmers to markets to sell their goods, allows workers to move more freely, and promotes access to schools and healthcare clinics.