WB Report: Venezuela among Top Ten Countries for Investment in Education

According to a report published by the World Bank, Venezuela is among the countries in the world which most invest in education as a percentage of GDP.

By Ewan Robertson

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University students in Venezuela (archive)
University students in Venezuela (archive)
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Mérida, 13th November 2014 (Venezuelanalysis.com) – According to a report published by the World Bank, Venezuela is among the countries in the world which most invest in education as a percentage of GDP.

According to research carried out 2009 – 2013, Cuba, Bolivia and Venezuela all rank among the top ten countries globally for proportional spending on education.

Cuba was found to be the nation which puts the highest priority on education, spending 12.8% of GDP on this area in 2010, while Venezuela and Bolivia each destined 6.9% of GDP, reported Telesur.

Educational enrollment and access have greatly expanded in Venezuela since the 2000s, with the country being declared 5th in the world for proportional higher educational enrollment by UNESCO in 2010.

Policies to achieve these advances include the establishment of new educational “mission” programs, the foundation of new universities, reinforcing the free nature of higher education, and providing free school meals, textbooks and laptops to schoolchildren.

A national consultation for quality in education conducted by the Venezuelan government earlier this year confirmed that while great progress in education provision had been made in recent years, more needed to be done to improve the quality of teaching in the country’s schools.

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