The United Nations Development Programmes annual Human Development Report, released in June, treats human rights as essential for development and sees development as a means to realize human rights. With principles of accountability and social justice at the heart of human development, it concludes that major advances against poverty will be won only by confronting entrenched economic and political interests.
Originally created to help the poor escape poverty and deprivation, the World Bank became the most important advocate for the commercialised microcredit model. Yet, critics argued it undermined the chances of sustainable and equitable development to create a poverty trap of historic proportions.
While the World Development Report (WDR) 2018 on education has some redeeming features, it is part of the Bank's longstanding very narrow view of education, and is silent on education financing.
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