World Bank pledges $2.5 billion for teenage girls’ education

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Michelle Obama, Jacob Lew, Jim Yong Kim_349922

Treasury Secretary Jacob Lew, right, and World Bank President Jim Yong Kim, watch as first lady Michelle Obama waves after speaking during a “Let Girls Learn” event at the World Bank in Washington, Wednesday, April 13, 2016. (AP Photo/Evan Vucci)

WASHINGTON (AP) – The World Bank has pledged $2.5 billion to educate and empower adolescent girls in low-income countries.

World Bank President Jim Yong Kim said that “Unleashing the full economic potentials of half the population can drive the growth and prosperity of nations.” Kim spoke Wednesday at the Spring Meetings of the World Bank Group and the International Monetary Fund. About 75 percent of funds will go to countries in Sub-Saharan Africa and South Asia.

U.S. first lady Michelle Obama praised the initiative and said that, “When we invest in girls’ education, when we embrace women in our workforce, that just doesn’t benefit them, it benefits all of us.” Mrs. Obama is campaigning for educating girls as part of Let Girls Learn initiative that she launched last year together with President Barack Obama.

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