Financial crisis threatens to set back education worldwide,
UNESCO report warns The aftershock of the global financial
crisis threatens to deprive millions of children in the world’s
poorest countries of an education, the 2010 Education for All
Global Monitoring Report warns. With 72 million children still
out of school, a combination of slower economic growth, rising
poverty and budget pressures could erode the gains of the past
decade. “While rich countries nurture their economic recovery,
many poor countries face the imminent prospect of education
reversals. We cannot afford to create a lost generation of
children who have been deprived of their chance for an education
that might lift them out of poverty,” said UNESCO Director-
General Irina Bokova. The Global Monitoring Report, developed
annually by an independent team and published by UNESCO,
assesses global progress towards the six Education for All goals
to which over 160 countries committed themselves in 2000. The
2010 Report, Reaching the marginalized