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#5for5 campaign: why countries should invest in giving children best start

Childcare, Early childhood development, The Global Business Coalition for Education (GBC-Education)

Investing in early childhood development can help to boost a nation鶹APPs economy and potential for growth.


Who cares if a child gets the best start in life? Their parents, family and caregivers, of course.

But countries and businesses should care too 鶹APP because investing in young children can help to boost a nation鶹APPs economy and potential for growth.

It is one of the smartest investments a country can make, helping to break the cycle of poverty and tackle inequality. 

Every $1 spent on pre-school programmes can return up to $7, according to the influential Education Commission report last month. The future return comes from better productivity and lower spending on education and welfare.

On the flip side, give children a poor start in life and their country stands to lose around 20% in future productivity.

It makes sense for businesses to do their bit too.

鶹APPThe future of any business is intrinsically linked with the future of every child,鶹APP said Bob Collymore, CEO of the Kenyan telecoms company Safaricom. 鶹APPOur ability to provide that child with the physical, social, cognitive and emotional support will determine our ability to survive as a business and ultimately as a society.鶹APP

This is why early childhood development is high on the agenda for developing countries 鶹APP and why the children鶹APPs charity 鶹APP has launched its .

#5for5 highlights the importance of nutrition, health, learning, play and protection during a child鶹APPs first five years of life 鶹APP .

But 250 million children under five are currently prevented from reaching their full potential by poverty, insufficient nutrition and health services.

The will put pressure on world leaders to take urgent action to make sure all children 鶹APP especially the poorest and most marginalised 鶹APP have access to the full range of nurturing care.

The rates of return on investment featured in a recent report by the called .

It said early learning programmes have been shown in the short term to 鶹APPimmediately generate about $2 for every $1 dollar invested, through the sale of local goods and services鶹APP, 

In the long run, there is an estimated return on investment of up to 10:1 for disadvantaged children. The report also said one study had estimated that increasing pre-school enrolment to 50% in every low- and middle-income country would result in an 8% to 18% return on investment.

If a child gets access to proper nutrition, research shows that for every $1 invested in preventing stunting among children generates up to $18 in economic returns.

In comparison, later interventions such as adult literacy programmes and job training services, show significantly lower economic returns.

鶹APPEnsuring every child鶹APPs wellbeing today is the best way of securing robust economies tomorrow,鶹APP said Dr Ngozi Okonjo-Iweala, former Nigerian finance minister and Board Chair of GAVI, the Vaccine Alliance.

鶹APPCurrently, Africa and Asia lose 11% of their GDP (gross domestic product) every year because of malnutrition, a preventable condition.

鶹APPWe know that investing in early years interventions across health, wellbeing and learning will allow our children to grow, learn, and earn to their full potential.

鶹APPOur economies depend on our children and we must not ignore the importance of giving them a healthy and equitable start in life.鶹APP

But in many communities there is no investment in early childhood development programmes 鶹APP or where there is the quality is poor.

Comprehensive early years programmes are chronically underfunded by international donors, country governments and private philanthropy.

As a result, generations of children don鶹APPt get the best start. Yet these children are future educators, community leaders, business leaders and customers.

The success of any business or institution relies on the quality of its workforce.

Jim Kim, President of the World Bank, said: 鶹APPCompeting in today鶹APPs digital economy requires a workforce with well-developed brains. How do we expect employers to invest in a country if its workforce is not sufficiently developed physically and or cognitively?鶹APP

Evidence shows that investments in quality early childhood development lead to a more productive, skilled work force and yield high returns in a country鶹APPs economy.

Investment however, will do much more than bridge the skills gap 鶹APP it will unlock the untapped potential of generations.

Akinwumi Adesina, President of the African Development Bank, said: 鶹APPChild education should not be seen as a social development issue but rather one that shapes the path of economic growth and development.

鶹APPWe therefore need to significantly increase our investments in child education, as children are the future of the world.鶹APP



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