The impact of the global financial crisis on Millennium Development Goal attainment in Africa
The impact of the global financial crisis on Millennium Development Goal attainment in Africa
This chapter examines the challenges involved in attaining the Millennium Development Goals (MDGs) in Africa in the wake of the 2008 global financial crisis and highlights important lessons for future financing of global initiatives. The 2008 global financial crisis provided a very important caution: global initiatives are only as good as their global conditions. The crisis had very real consequences for the education sector, particularly through the reduction of adequate funding. The chapter first considers the consequences of the global financial crisis to education, taking into account the role of foreign aid, before discussing the cases of primary education in Ghana and Zimbabwe. It concludes by suggesting some best practices for learning from the failures to education from the 2008 agenda.
Keywords: funding, Millennium Development Goals, Africa, global financial crisis, education, foreign aid, Ghana, Zimbabwe
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