Global: World Bank doubles education spending

The World Bank has announced it was doubling its education financing this year in low- and middle-income countries to $4.09 billion to help poor countries battle threats to their education systems during the global economic crisis. The announcement came as the Bank released a new report that describes how developing countries are increasingly using private education organizations - such as faith-based organisations, local communities, NGOs, private for-profit institutions, and not-for profit schools - to help deliver education services.