Wednesday, September 23, 2009

Clinton Global Initiative: One Cent of Every Development Dollar Goes to Girls

The Clinton Global Initiative held a session today on the subject of what can be done about the deplorable treatment of girls and women across the globe. Diane Sawyer moderated the panel: "Investing in Women and Girls." Thirteen new commitments to "empower" women and girls were announced. Who knows if these new funds will push that one cent devoted to girls up to a nickel?

NEW YORK, Sept 23 (Reuters) - Women and girls remain largely ignored by development aid around the world with girls receiving only one cent of every dollar, leaders at the Clinton Global Initiative said on Wednesday. .

"Whether the issue is improving the involvement of young women and girls in education to climate change and all political and social economic issues in between, I think empowering women is central to what the world has to do in the 21st century," Clinton said.

Girls get one cent, or less than one cent, of every dollar of development aid, Salbi said, citing research by the Nike Foundation and NoVo Foundation. Robert Zoellick, president of the World Bank, said good intentions are not enough. Donors need programs that will work in their self-interest, he said.

For example, Goldman Sachs Group Inc is pledging to give business education and training to 10,000 women worldwide. Lloyd Blankfein, Goldman's chairman and chief executive, said the bank may never hire any of those women, but that it could later hire their children, who will benefit from their education.


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