By leslie Gevirtz
NEW YORK (Thomson Reuters Foundation) - The World Bank unveiled plans on Monday to double its investment in public education over the next five years with the main focus on improving the quality of education rather than concentrating on boosting enrollment numbers.
The bank said it would spend $5 billion by 2020 - double its spending of the previous five years - in an bid to reach more than 120 million children who are out of school and some 250 million more who cannot read or write despite attending school.
World Bank President Jim Yong Kim said the bank was adopting a results-based financing system where countries only get money if they meet agreed performance targets.