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92-538: Akwa Ibom State Polytechnic is a tertiary learning institution in Ikot Osurua, Ikot Ekpene , Akwa Ibom State , Nigeria . It was founded in 1991. The institution is accredited by the National Board for Technical Education with the mandate to provide access to education in technology and commerce. it offers both ordinary and higher national diplomas to students on graduation. Akwa Iboma State Polytechnic

184-545: A Country Assistance Strategy is produced in cooperation with the local government and any interested stakeholders and may rely on analytical work performed by the bank or other parties. The World Bank's negative pledge clause prohibits its debtor countries from using public assets to repay other creditors before they repay the World Bank. The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries . It

276-640: A balanced budget and give priority of debt repayment to the World Bank over other governments. World Bank staff closely monitored the use of the funds to ensure that the French government met the conditions. In addition, before the loan was approved, the United States Department of State told the French government that its members associated with the Communist Party would first have to be removed. The French government complied and removed

368-608: A broad variety of universities, colleges and academies. Founded in 1088, the University of Bologna is likely the oldest in the world . In 2009, the University of Bologna is, according to The Times , the only Italian college in the top 200 World Universities. Milan's Bocconi University has been ranked among the top 20 best business schools in the world by The Wall Street Journal international rankings, especially thanks to its M.B.A. program, which in 2007 placed it no. 17 in

460-489: A broad-spectrum view of tertiary education and detailed information on the nation's educational structure, accreditation procedures, and connections to state as well as federal agencies and entities. The Carnegie Classification of Institutions of Higher Education provides one framework for classifying U.S. colleges and universities in several different ways. US tertiary education also includes various non-profit organizations promoting professional development of individuals in

552-429: A key role in ensuring institutions meet minimum standards. It is large and diverse with institutions that are privately governed and institutions that are owned and operated by state and local governments. Some private institutions are affiliated with religious organizations whereas others are secular with enrollment ranging from a few dozen to tens of thousands of students. The United States Department of Education presents

644-472: A nondegree level is sometimes referred to as further education or continuing education as distinct from higher education. Higher education includes teaching, research, exacting applied work, as exists in medical schools and dental schools , and social services activities of universities. Within the realm of teaching, it includes both the undergraduate level, and beyond that, graduate-level (or postgraduate level). The latter level of education

736-536: A prestigious group of twenty research-intensive European Universities. It has also been awarded ranking positions such as 1st in Italy and 7th in Europe (The Leiden Ranking – Universiteit Leiden). Tertiary education refers to post-secondary education received at universities (government or privately funded), monotechnics, polytechnics and colleges of education. After completing a secondary education, students may enroll in

828-621: A result, reducing inequality, in this definition, had become an integral part of the World Bank’s objectives and effectively “broadened its mandate”. The World Bank has been criticized for not embracing the reduction of inequality (be it economic inequality within a country, or international inequality between countries) as a goal. Instead, the bank has taken an instrumental approach to the issue, in which inequality policies were seen as useful as long as they contributed to reducing (extreme) poverty or promoting average economic growth. As part of

920-485: A student may go to university, but may also stop at that point. Education in Italy is compulsory from 6 to 16 years of age, and is divided into five stages: kindergarten ( scuola dell'infanzia ), primary school ( scuola primaria or scuola elementare ), lower secondary school ( scuola secondaria di primo grado or scuola media inferiore ), upper secondary school ( scuola secondaria di secondo grado or scuola media superiore ) and university ( università ). Education

1012-1078: A tertiary institution or acquire a vocational education . Students are required to sit for the Joint Admissions and Matriculation Board Entrance Examination (JAMB) as well as the Secondary School Certificate Examination (SSCE) or General Certificate Examination (GCE) and meet varying cut-off marks to gain admission into a tertiary institution. According to MEXT (Ministry of Education) and UNESCO, following types of education are classified as tertiary education: University education (undergraduate, postgraduate and professional degrees), two-year colleges ( Tanki Daigaku ), colleges of technology and specialised colleges. In Hong Kong "tertiary education" or "higher education" refers to any education higher than secondary education. Tertiary education includes universities, post secondary colleges, statutory universities, and publicly funded institutions. World Bank As of 2022 ,

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1104-501: A wide knowledge of liberal arts and sciences. The Lisbon Recognition Convention stipulates that degrees and periods of study must be recognised in all of the Signatory Parties of the convention. The oldest known institutions of higher education are credited to Dynastic Egypt, with Pr-Anx (houses of life) built as libraries and scriptoriums, containing works on law, architecture, mathematics, and medicine, and involved in

1196-651: Is based on economic size in addition to the International Development Association contributions. The following table shows the subscriptions of the top 20 member countries of the World Bank by voting power in the following World Bank institutions as of December 2014 or March 2015: the International Bank for Reconstruction and Development (IBRD), the International Finance Corporation (IFC),

1288-419: Is free in Italy and free education is available to children of all nationalities who are residents in Italy. Italy has both a private and public education system. Italy has a large and international network of public or state-affiliated universities and schools offering degrees in higher education. State-run universities of Italy constitute the main percentage of tertiary education in Italy and are managed under

1380-769: Is listed in the Registry of Research Data Repositories re3data.org. The World Bank also endorses the Principles for Digital Development . Together with the World Health Organization , the World Bank administers the International Health Partnership (IHP+). IHP+ is a group of partners committed to improving the health of citizens in developing countries. Partners work together to put international principles for aid effectiveness and development cooperation into practice in

1472-619: Is monitored through the global indicator for target 4.3 in the sustainable development goal 4 (SDG 4), which measures the participation rate of youth and adults in formal and non-formal education and training in the previous 12 months, whether for work or non-work purposes. The right of access to higher education is mentioned in a number of international human rights instruments . The UN International Covenant on Economic, Social and Cultural Rights of 1966 declares, in Article 13, that "higher education shall be made equally accessible to all, on

1564-478: Is often referred to as graduate school , especially in North America. In addition to the skills that are specific to any particular degree, potential employers in any profession are looking for evidence of critical thinking and analytical reasoning skills, teamworking skills, information literacy , ethical judgment, decision-making skills, fluency in speaking and writing, problem solving skills, and

1656-530: Is owned by Akwa Ibom State. In 2019, the Governor of the State promised to give the institution a grant of One hundred million naira to ensure that all the courses they offer are fully accredited. Akwa ibom polytechnic partner with SMEDAN to create a skill acquisition club in the school. The partnership is to help students in acquiring entrepreneur skills closer to them on self development. In 2023 Akwa poly

1748-466: Is primarily voluntary. Based on an agreement between the United Nations and the World Bank in 1981, Development Business became the official source for World Bank Procurement Notices, Contract Awards, and Project Approvals. In 1998, the agreement was renegotiated, and included in this agreement was a joint venture to create an online version of the publication. Today, Development Business

1840-460: Is ranked the second polytechnic in Nigeria. 5°9′25″N 7°40′11″E  /  5.15694°N 7.66972°E  / 5.15694; 7.66972 This article on a Nigerian institution of higher education is a stub . You can help Misplaced Pages by expanding it . Tertiary education Tertiary education , also referred to as third-level , third-stage or post-secondary education ,

1932-677: Is shown in the following table. The percentage of adults who have attained individual tertiary education levels by country is shown in the following table. A 2014 report by the Organisation for Economic Co-operation and Development states that by 2014, 84 percent of young people were completing upper secondary education over their lifetimes, in high-income countries. Tertiary-educated individuals were earning twice as much as median workers. In contrast to historical trends in education, young women were more likely to complete upper secondary education than young men. Additionally, access to education

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2024-488: Is the educational level following the completion of secondary education . The World Bank , for example, defines tertiary education as including universities as well as trade schools and colleges . Higher education is taken to include undergraduate and postgraduate education , while vocational education beyond secondary education is known as further education in the United Kingdom , or included under

2116-669: Is the largest and best-known development bank in the world and an observer at the United Nations Development Group . The bank is headquartered in Washington, D.C. , in the United States . It provided around $ 98.83 billion in loans and assistance to "developing" and transition countries in the 2021 fiscal year. The bank's stated mission is to achieve the twin goals of ending extreme poverty and building shared prosperity. Total lending as of 2015 for

2208-489: Is the primary publication for all major multilateral development banks, U.N. agencies, and several national governments, many of which have made the publication of their tenders and contracts in Development Business a mandatory requirement. The World Bank collects and processes large amounts of data and generates them on the basis of economic models. These data and models have gradually been made available to

2300-409: Is the world's oldest university in continuous operation, and the first university in the sense of a higher-learning and degree-awarding institute, as the word universitas was coined at its foundation. Since World War II , developed and many developing countries have increased the participation of the age group who mostly studies higher education from the elite rate, of up to 15 per cent, to

2392-426: The 2030 Agenda , Sustainable Development Goal 10 aims at reducing inequalities within countries and among countries. World Bank officials participated in the negotiations for SDG 10 in the years prior to 2015. They advocated for the adoption of the bank's own preferred benchmarks. This ensured that other organizations would evaluate their success based on the bank’s own definition of inequality. Some have argued that

2484-450: The 1997 version of its schema. They were referred to as level 5 and doctoral studies at level 6. In 2011, this was refined and expanded in the 2011 version of the structure. Higher education at undergraduate level, masters and doctoral level became levels 6, 7, and 8. Nondegree level tertiary education, sometimes referred to as further education or continuing education was reordered as level 4, with level 5 for some higher courses. In

2576-484: The Communist coalition government —the so-called tripartite . Within hours, the loan to France was approved. From 1974 to 1980, the bank concentrated on meeting the basic needs of people in the developing world . The size and number of loans to borrowers greatly increased, as loan targets expanded from infrastructure into social services and other sectors. These changes can be attributed to Robert McNamara , who

2668-495: The European Union , and more liberal policies regarding international migration . In the U.S., higher education is provided by universities , academies , colleges , seminaries , conservatories , and institutes of technology , and certain college-level institutions, including vocational schools , universities of applied sciences, trade schools, and other career-based colleges that award degrees. Tertiary education at

2760-730: The International Development Association (IDA), and the Multilateral Investment Guarantee Agency (MIGA). Member countries are allocated votes at the time of membership and subsequently for additional subscriptions to capital (one vote for each share of capital stock held by the member). The World Bank plays a significant role in global economic governance due to its broad mandate, its vast resource base, its frequent and regular interactions with governments as clients, and its myriad publications and databases. In 2020,

2852-537: The University of al-Qarawiyyin in Fez, Morocco is the oldest existing continually operating higher educational institution in the world. and is occasionally referred to as the oldest university by scholars. Undoubtedly, there are older institutions of higher education, for example, the University of Ez-Zitouna in Montfleury, Tunis , was first established in 737. The University of Bologna , Italy, founded in 1088,

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2944-776: The Università Cattolica del Sacro Cuore in Milan, the LUISS in Rome, the Polytechnic University of Turin , the Politecnico di Milano (which in 2011 was ranked as the 48th best technical university in the world by QS World University Rankings ), the University of Rome La Sapienza (which in 2005 was Europe's 33rd best university, and ranks among Europe's 50 and the world's 150 best colleges and in 2013,

3036-570: The female enrollment ratio exceeding the male ratio by 4 percentage points. The tertiary gross enrollment ratio ranges from 9% in low-income countries to 77% in high-income countries , where, after rapid growth in the 2000s, reached a plateau in the 2010s. Between now and 2030, the biggest increase in tertiary enrollment ratios is expected in middle-income countries, where it will reach 52%. Sustainable Development Goal 4 (SDG 4) commits countries to providing lifelong learning opportunities for all, including tertiary education. This commitment

3128-522: The health sector . IHP+ mobilizes national governments, development agencies, civil society, and others to support a single, country-led national health strategy in a well-coordinated way. In September 2020, during the COVID-19 pandemic , the World Bank announced a $ 12 billion plan to supply "low and middle income countries" with a vaccine once it was approved. In June 2022, the bank reported that $ 10.1 billion had been allocated to supply 78 countries with

3220-540: The impact of the COVID-19 pandemic on education is rapidly making certain aspects of the traditional higher education system obsolete. The involvement and funding by foreign regimes in higher education in the US and Europe raised concerns regarding the erosion of democratic norms and hate speech on campuses. The total expenditure on tertiary education ( ISCED levels 5 to 8) as a percentage of GDP for individual countries

3312-653: The role of humans in climate change ". In 2023, a new president was appointed: Ajay Banga . His term began on 2 June 2023. He was supported by the American president Joe Biden partly because he supports climate action . He is also expected to help low-income countries deal with debts. He is the first Indian American to lead the bank. The vice presidents of the bank are its principal managers, in charge of regions, sectors, networks and functions. There are two executive vice presidents, three senior vice presidents, and 24 vice presidents. The boards of directors consist of

3404-681: The Byzantine emperor Theodosius II innovated as he established the Pandidakterion , with a faculty of 31 professors, to train public servants. In the 7th and 8th centuries, "cathedral schools" were created in Western Europe. Meanwhile, the first Medresahs were founded in the Moslem empire – initially mere primary schools in the premises of major mosques, which gradually evolved toward secondary, later higher education. However high

3496-589: The Center for World University Rankings ranked the Sapienza University of Rome 62nd in the world and the top in Italy in its World University Rankings . ) and the University of Milan (whose research and teaching activities have developed over the years and have received important international recognition). This university is the only Italian member of the League of European Research Universities (LERU),

3588-696: The IMF are both based in Washington, D.C., and work closely with each other. Although many countries were represented at the Bretton Woods Conference, the United States and United Kingdom were the most powerful in attendance and dominated the negotiations. The intention behind the founding of the World Bank was to provide temporary loans to low-income countries that could not obtain loans commercially. The bank may also make loans and demand policy reforms from recipients. In its early years,

3680-588: The United States (15.85%), Japan (6.84%), China (4.42%), Germany (4.00%), the United Kingdom (3.75%), France (3.75%), India (2.91%), Russia (2.77%), Saudi Arabia (2.77%) and Italy (2.64%). Under the changes, known as 'Voice Reform – Phase 2', countries other than China that saw significant gains included South Korea , Turkey, Mexico , Singapore, Greece , Czech Republic , Hungary , Brazil, India , and Spain. Most developed countries' voting power

3772-481: The World Bank Group president and 25 executive directors. The president is the presiding officer, and ordinarily has no vote except to break a tie. The executive directors as individuals cannot exercise any power or commit or represent the bank unless the boards specifically authorized them to do so. With the term beginning 1 November 2010, the number of executive directors increased by one, to 25. In 2020,

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3864-549: The World Bank had 12,300 full-time staff, and it operated in 145 countries. Some notable politicians who worked for the World Bank include: The International Bank for Reconstruction and Development (IBRD) has 189 member countries, while the International Development Association (IDA) has 174. Each member state of IBRD should also be a member of the International Monetary Fund (IMF) and only members of IBRD are allowed to join other institutions within

3956-525: The World Bank is run by a president and 25 executive directors, as well as 29 various vice presidents. IBRD and IDA have 189 and 174 member countries, respectively. The U.S., Japan, China, Germany and the U.K. have the most voting power. The bank aims loans at developing countries to help reduce poverty. The bank is engaged in several global partnerships and initiatives, and takes a role in working toward addressing climate change . The World Bank hosts an Open Knowledge Repository for its publications. In 2020,

4048-540: The World Bank reduced the transformative potential of SDG 10 during the agenda-setting stage. The bank has stated its ambition to help catalyze the SDGs through “thought leadership, global convening, and country-level uptake”. In general, the World Bank strategically uses the power of the Sustainable Development Goals (SDGs) in its favor to reinforce its own policies or interests while minimizing

4140-703: The World Bank's 2012 annual meeting in Tokyo, a review of these safeguards was initiated, which was welcomed by several civil society organisations. As a result, the World Bank developed a new Environmental and Social Framework, which has been in implementation since 1 October 2018. The World Bank or the World Bank Group is also a sitting observer in the United Nations Sustainable Development Group . Beginning in 1989, in response to harsh criticism from many groups,

4232-404: The World Bank’s total commitments amounted to USD 77.1 billion and it operated in 145 countries. World Bank projects cover a range of areas from building schools to fighting disease, providing water and electricity, and environmental protection , and as such, they are linked to most of the Sustainable Development Goals . As a guideline to the World Bank's operations in any particular country,

4324-490: The World Bank’s total commitments amounted to USD 77.1 billion, it had 12,300 full-time staff, and it operated in 145 countries. World Bank projects cover a range of areas from building schools to fighting disease, providing water and electricity, and environmental protection , and as such, they are linked to most of the Sustainable Development Goals . The World Bank has been criticized as promoting inflation and harming economic development . There has also been criticism of

4416-537: The bank (such as IDA). The five United Nations member states that are not members of the World Bank are Andorra, Cuba, Liechtenstein, Monaco, and North Korea. Kosovo is not a member of the UN, but is a member of the IMF and the World Bank Group, including the IBRD and IDA. In 2010, voting powers at the World Bank were revised to increase the voice of developing countries, notably China. The countries with most voting power are now

4508-578: The bank began including environmental groups and NGOs in its loans to mitigate the past effects of its development policies that had prompted the criticism. It also formed an implementing agency, in accordance with the Montreal Protocols, to stop ozone-depletion damage to the Earth's atmosphere by phasing out the use of 95% of ozone-depleting chemicals, with a target date of 2015. Since then, in accordance with its so-called "Six Strategic Themes",

4600-563: The bank has put various additional policies into effect to preserve the environment while promoting development. For example, in 1991, the bank announced that to protect against deforestation , especially in the Amazon , it would not finance any commercial logging or infrastructure projects that harm the environment. For the poorest developing countries in the world, the bank's assistance plans are based on poverty reduction strategies ; by combining an analysis of local groups with an analysis of

4692-478: The bank made a slow start for two reasons: it was underfunded, and there were leadership struggles between the US executive director and the president of the organization. When the Marshall Plan went into effect in 1947, many European countries began receiving aid from other sources. Faced with this competition, the World Bank shifted its focus to non-European allies. Until 1968, its loans were earmarked for

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4784-449: The bank's Chief Economist, Hollis B. Chenery , with Anne Krueger was an example of this new focus. Krueger was known for her criticism of development funding and for describing developing countries' governments as " rent-seeking states". During the 1980s, the bank emphasized lending to service debt of developing countries, and structural adjustment policies designed to streamline the economies of developing nations. UNICEF reported in

4876-408: The bank's governance and response to the COVID-19 pandemic . The current president (starting in 2023) is Ajay Banga who is known to support climate action , unlike his predecessor David Malpass . The World Bank was created at the 1944 Bretton Woods Conference , along with the International Monetary Fund (IMF). The president of the World Bank is traditionally an American . The World Bank and

4968-410: The bank. Traditionally, based on a tacit understanding between the United States and Europe, the president of the World Bank has been selected from candidates nominated by the United States, the largest shareholder in the bank. This is significant because the World Bank tends to lend more readily to countries that are friendly with the United States, not because of direct U.S. influence but because of

5060-654: The basis of capacity, by every appropriate means, and in particular by the progressive introduction of free education". In Europe , Article 2 of the First Protocol to the European Convention on Human Rights , adopted in 1950, obliges all signatory parties to guarantee the right to education . In 1994, the UNESCO Salamanca Statement called on the international community to endorse the approach of inclusive education, including at

5152-767: The category of continuing education in the United States . Tertiary education generally culminates in the receipt of certificates , diplomas , or academic degrees . Higher education represents levels 5, 6, 7, and 8 of the 2011 version of the International Standard Classification of Education structure. Tertiary education at a nondegree level is sometimes referred to as further education or continuing education as distinct from higher education. UNESCO stated that tertiary education focuses on learning endeavors in specialized fields. It includes academic and higher vocational education. The World Bank 's 2019 World Development Report on

5244-400: The chance of being itself reshaped or transformed by these goals. Scholars found that the World Bank used the growing momentum of the (SDGs) to further its strategic objectives without being influenced by the SDGs in turn. Also, the bank engaged with the SDGs selectively; efforts to integrate the goals into organizational practices remained limited; and their inclusion in country-level processes

5336-685: The city of Taxila , later the great Buddhist monastery of Nalanda ( c.  427 - 1197 CE), attracted students and professors even from distant regions. In China , the Han dynasty established chairs to teach the Five Confucean Classics , in the Grand School, Taixue ( c.  3 - 1905  CE ), to train cadres for the imperial administration. All these higher-learning institutions became models for other schools within their sphere of cultural influence. In 425 CE,

5428-437: The construction of infrastructure works, such as seaports, highway systems, and power plants, that would generate enough income to enable a borrower country to repay the loan. In 1960, the International Development Association was formed (as opposed to a UN fund named SUNFED), providing soft loans to developing countries . Before 1974, the reconstruction and development loans the World Bank made were relatively small. Its staff

5520-574: The country's financial and economic situation the World Bank develops a plan pertaining to the country in question. The government then identifies the country's priorities and targets for the reduction of poverty, and the World Bank instigates its aid efforts correspondingly. Forty-five countries pledged US$ 25.1 billion in "aid for the world's poorest countries", aid that goes to the World Bank International Development Association (IDA), which distributes

5612-572: The creation of new tertiary colleges. Higher education in Canada includes provincial, territorial, Indigenous and military higher education systems. The ideal objective of Canadian higher education is to offer every Canadian the opportunity to acquire the skills and knowledge necessary to realize their utmost potential. It aspires to cultivate a world-class workforce, enhance the employment rate of Canadians, and safeguard Canada's enduring prosperity. Higher education programs are intricately designed with

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5704-477: The days when few pupils progressed beyond primary education or basic education , the term "higher education" was often used to refer to secondary education, which can create some confusion. This is the origin of the term high school for various schools for children between the ages of 14 and 18 (United States) or 11 and 18 (United Kingdom and Australia). Globally, the gross enrollment ratio in tertiary education increased from 19% in 2000 to 38% in 2017, with

5796-406: The employees of the World Bank. In 2012, for the first time, two non-US citizens were nominated. The nominee is subject to confirmation by the board of executive directors to serve a five-year, renewable term. While most World Bank presidents have had banking experience, some have not. On 23 March 2012, U.S. president Barack Obama announced that the United States would nominate Jim Yong Kim as

5888-483: The field of higher education and helping expand awareness of related issues like international student services and complete campus internationalization. Although tertiary education in the EU includes university, it can differ from country to country. After going to nursery school (French: école maternelle), elementary school (French: école primaire), middle school (French: collège), and high school (French: lycée),

5980-659: The future of work argues that given the future of work and the increasing role of technology in value chains, tertiary education becomes even more relevant for workers to compete in the labor market. Higher education, also called post-secondary education, third-level or tertiary education, is an optional final stage of formal learning that occurs after completion of secondary education . This consists of universities , colleges and polytechnics that offer formal degrees beyond high school or secondary school education. The International Standard Classification of Education in 1997 initially classified all tertiary education together in

6072-621: The global term " higher education " (i.e. post-18 study). In 2018 the Welsh Government adopted the term "tertiary education" to refer to post-16 education and training in Wales. Since the 1970s, however, specialized further education colleges in England and Wales have called themselves " tertiary colleges " although being part of the secondary education process. These institutions cater for both school leavers and adults, thus combining

6164-451: The institutions and the library open from 8 to 9 o'clock daily. The polytechnic runs various courses under schools/faculties such as Applied Sciences, Communication Arts, Preliminary Studies, Business and Management, Engineering, Environmental Studies and Legal Studies. School of Applied Sciences School of Business Management School of Communication Arts School of Engineering School of environmental Studies The polytechnic

6256-463: The intellectual level of these schools could be, it would be anachronistic to call them "universities". Their organization and purposes were markedly different from the corporations of students and teachers, independent from both the Church and the State, which established themselves from the 12th century in Western Europe as Universitas Studiorum . According to UNESCO and Guinness World Records ,

6348-730: The last 10 years through Development Policy Financing was approximately $ 117 billion. Its five organizations are: The first two are sometimes collectively referred to as the World Bank. To ensure that World Bank-financed operations do not compromise these goals but instead add to their realisation, the following environmental, social, and legal safeguards were defined: Environmental Assessment, Indigenous Peoples, Involuntary Resettlement, Physical Cultural Resources, Forests, Natural Habitats, Pest Management, Safety of Dams, Projects in Disputed Areas, Projects on International Waterways, and Performance Standards for Private Sector Activities. At

6440-518: The late 1980s that the structural adjustment programs of the World Bank had been responsible for "reduced health, nutritional and educational levels for tens of millions of children in Asia , Latin America , and Africa ". The president of the bank is the president of the entire World Bank Group . The president is responsible for chairing meetings of the boards of directors and for overall management of

6532-731: The loans to eighty poorer countries. Wealthier nations sometimes fund their own aid projects, including those for diseases. Robert B. Zoellick, the former president of the World Bank, said when the loans were announced on 15 December 2007, that IDA money "is the core funding that the poorest developing countries rely on". World Bank organizes the Development Marketplace Awards , a grant program that surfaces and funds development projects with potential for development impact that are scalable and/or replicable. The grant beneficiaries are social enterprises with projects that aim to deliver social and public services to groups with

6624-466: The lowest incomes. In 2013 the bank adopted the concept of Shared Prosperity as one of the World Bank’s “Twin Goals” for that year, with the other one focusing on poverty reduction, aiming to reduce the share of people in extreme poverty to 3 percent of the global population by 2030. The bank defined Shared Prosperity as increasing the income of the bottom 40 percent of the population in each country. As

6716-458: The main functions of an FE college and a sixth form college . Generally, district councils with such colleges have adopted a tertiary system or structure where a single local institution provides all the 16–19 and adult education, and where schools do not universally offer sixth forms (i.e. schools only serve ages 11–16). However the Further and Higher Education Act 1992 has effectively prevented

6808-409: The mass rate of 16 to 50 per cent. In many developed countries, participation in higher education has continued to increase towards universal or, what Trow later called, open access, where over half of the relevant age group participate in higher education. Higher education is important to national economies , both as an industry, in its own right, and as a source of trained and educated personnel for

6900-405: The next president of the bank. Jim Yong Kim was elected on 27 April 2012 and reelected to a second five-year term in 2017. He announced that he would resign effective 1 February 2019. He was replaced on an interim basis by now-former World Bank CEO Kristalina Georgieva , then by David Malpass on 9 April 2019. David Malpass faced criticism in 2023 as he had "sparked outcry by appearing to question

6992-524: The perspective of the learner in focus, striving to mitigate risks and assure definite outcomes. Within Australia "tertiary education" refers to continuing studies after a student completes secondary school. Tertiary education options include universities, technical and further education (TAFE) or private universities. The higher education system in the United States is decentralized and regulated independently by each state with accreditors playing

7084-545: The public in a way that encourages reuse, whereas the recent publications describing them are available as open access under a Creative Commons Attribution License , for which the bank received the SPARC Innovator 2012 award. The World Bank hosts the Open Knowledge Repository as an official open access repository for its research outputs and knowledge products. The World Bank's repository

7176-550: The rest of the economy. College educated workers have commanded a measurable wage premium and are much less likely to become unemployed than less educated workers. In recent years, universities have been criticized for permitting or actively encouraging grade inflation . Widening participation can increase the supply of graduates in individual fields of study over the demand for their skills, aggravating graduate unemployment , underemployment , overqualification and educational inflation . Some commentators have suggested that

7268-600: The status of Doctoral Colleges, which function at graduate and post-graduate level. Nine further schools are direct offshoots of the universities (i.e. do not have their own 'university status'). The first one is the Scuola Normale Superiore di Pisa (founded in 1810 by Napoleon as a branch of École Normale Supérieure ), taking the model of organization from the famous École Normale Supérieure . These institutions are commonly referred to as "Schools of Excellence" (i.e. "Scuole di Eccellenza"). Italy hosts

7360-411: The supervision of Italian's Ministry of Education. Italian universities are among the oldest universities in the world; the University of Bologna (founded in 1088) notably, is the oldest one ever ; also, University of Naples Federico II are is the world's oldest state-funded university in continuous operation. Most universities in Italy are state-supported. 33 Italian universities were ranked among

7452-666: The supply of graduates in some fields of study is exceeding the demand for their skills, aggravating graduate unemployment , underemployment and credentialism . Graduates of tertiary education are likely to have different worldviews and moral values than non-graduates. Research indicates that graduates are more likely to have libertarian principles with less adherence to social hierarchies. Graduates are also more likely to embrace cultural and ethnic diversity and express more positive views towards minority groups. For international relationships, graduates are more likely to favor openness, supporting policies like free trade , open borders ,

7544-599: The tertiary level. Since this time the world has witnessed the global massification of tertiary education, yet this explosion of facilities and enrollment has largely entrenched and exacerbated the exclusion of people with disabilities. This is particularly the case in low- and middle-income contexts, where university completion rates for students with disabilities are much lower compared to completion rates of students without disabilities. Some tertiary schools have been criticized as having permitted or actively encouraged grade inflation . In addition, certain scholars contend that

7636-595: The training of "swnw" and "swnwt" (male and female doctors ); extant Egyptian papyri from the 3rd millennia BC are in several collections. In the Greek world, Plato's Academy ( c.  387 - 86 BC), Aristotle's Lyceum ( c.  334 - 86 BC) and other philosophical-mathematical schools became models for other establishments, particularly in Alexandria of Egypt, under the Ptolemies . In South Asia ,

7728-542: The vaccine The US Treasury has committed $ 667 million for the World Bank's global Pandemic Fund, a third of the $ 2 billion the fund hopes to raise. The Pandemic Fund, established in September 2022, is a collaborative initiative among countries, implementing partners, philanthropies, and civil society organizations. It aims to fund investments that address critical gaps in pandemic prevention, preparedness, and response capacities at national, regional, and global levels, with

7820-500: The world in terms of graduate recruitment preference by major multinational companies. Bocconi was also ranked by Forbes as the best worldwide in the specific category Value for Money. In May 2008, Bocconi overtook several traditionally top global business schools in the Financial Times Executive education ranking, reaching no. 5 in Europe and no. 15 in the world. Other top universities and polytechnics are

7912-613: The world's top 500 in 2019, the third-largest number in Europe after the United Kingdom and Germany. There are also a number of Superior Graduate Schools ( Grandes écoles ) or Scuola Superiore Universitaria , which offer officially recognized titles, including the Diploma di Perfezionamento equivalent to a Doctorate, Dottorato di Ricerca i.e. Research Doctorate or Doctor Philosophiae i.e. PhD. Some of them also organize master's degree courses. There are three Superior Graduate Schools with "university status", three institutes with

8004-549: Was appointed to the presidency in 1968 by Lyndon B. Johnson . McNamara implored bank treasurer Eugene Rotberg to seek out new sources of capital outside of the northern banks that had been the primary sources of funding. Rotberg used the global bond market to increase the capital available to the bank. One consequence of the period of poverty alleviation lending was the rapid rise of debt of developing countries . From 1976 to 1980, developing world debt rose at an average annual rate of 20%. The World Bank Administrative Tribunal

8096-443: Was aware of the need to instill confidence in the bank. Fiscal conservatism ruled, and loan applications had to meet strict criteria. The first country to receive a World Bank loan was France in 1947. The bank's president at the time, John McCloy , chose France over two other applicants, Poland and Chile. The loan was for US$ 250 million, half the amount requested, and came with strict conditions. France had to agree to produce

8188-663: Was established by Akwa Ibom state of Akwa Ibom state Government edict no:11 of 1991. The decision to establish the institution was taken after the creation of Akwa Ibom state from Cross River State in 1987, the official commissioning of the institution took place on Friday 24th January 1992. A total of 961 students were admitted and registered in fifteen academic programmes established by the Ministry of Education . The programmes were Science, Environmental Studies, Communication Arts and Engineering The polytechnic library has digital information resources that support teaching and learning in

8280-421: Was established in 1980, to decide on disputes between the World Bank Group and its staff where allegation of non-observance of contracts of employment or terms of appointment had not been honored. McNamara was succeeded by U.S. President Jimmy Carter 's nominee, Alden W. Clausen , in 1980. Clausen replaced many members of McNamara's staff and crafted a different mission emphasis. His 1982 decision to replace

8372-416: Was expanding and growth in the number of people receiving university education was rising sharply. By 2014, close to 40 percent of people aged 25–34 (and around 25 percent of those aged 55–64), were being educated at university. Under devolution in the United Kingdom , education is administered separately in England, Wales, Northern Ireland, and Scotland. In England, the term "tertiary education" aligns with

8464-454: Was reduced, along with a few developing countries such as Nigeria . The voting powers of the United States, Russia and Saudi Arabia were unchanged. The changes were brought about with the goal of making voting more universal in regards to standards, rule-based objective indicators, and transparency among other things. Now, developing countries have an increased voice in the "Pool Model", backed especially by Europe. Additionally, voting power

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