Is It True? Only 1 Cent of Every Aid Dollar Goes to Girls and Women?
/Anne here, pulling together my thoughts after hearing Dr. Muhammad Yunus speak in New York last night.
Dr. Yunus spoke of a new initiative that brings together Jennifer and Peter Buffett’s foundation and the NIKE Foundation, in a new focus around women in developing countries.
That news seems “hot off the press”, but in digging for more facts, I just came upon a staggeringly negative reality, one that leaves speechless.
Former President Bill Clinton’s “Clinton Global Initiative” is in full swing this week, here in New York. Secretary of State Clinton will speak tomorrow.
Speaking yesterday, Bill Clinton told his audience: Even though women make up half the world’s population, they do two-thirds of the world’s work, produce 50 percent of the world’s food, earn 10 percent of the world’s income and own one percent of the world’s property.
When it comes to development aid around the world, girls receive only one cent of every dollar, according to research by the Nike Foundation and NoVo Foundation.
We will research further. I’m not clear if the research distinguishes between “girls” and “women”. If this fact is true and — god forbid — does include women, then “for shame”. This is the biggest “for shame” of all.
Truly, I am speechless that this could be the case, and I hope that much more aid is given to support women, as differentiated from their daughters.
Speaker Zainab Salbi, founder and chief executive of Women for Women International said: “Money is not the problem … it’s available. But the political decision to say ‘we need to actually invest much more in girls and women’ is not fully there yet.”
Salbi speaks of girls and women together.
Considering that the Grameen Bank’s loans remain 94% to women, based on Dr. Yunus’s comments last evening, perhaps we have some insights as to why the trillion dollars invested in developing countries are largely wasted and ineffective, according to Dr. Yunus.
In the experience of Grameen Bank, it’s money invested with women — not men — that brings results in the developing world. I’m thunderstruck that femalecentric programs have only received 1 cent of every aid dollar. Clearly females have received food aid; not every program is gender-specific.
Read: Clinton Initiative laments dismal aid for girls. We will investigate these facts further. Anne