A multi-million dollar World Bank education loan to Tanzania is back on the table for possible approval after it was pulled over a year ago amid concerns about the country's policy of banning pregnant girls and young mothers from attending state school
CNN News, delivered. Select from our newsletters below and enter your email to subscribe.(CNN)A multi-million dollar World Bank education loan to Tanzania is back on the table for possible approval next week after it was pulled over a year ago amid concerns about the country's policy of banning pregnant girls and young mothers from attending state school. The revamped $500 million loan pledges to provide pregnant girls and new mothers with"Alternative Education Pathways" but falls short of calling for a reversal of the ban. They failed mandatory pregnancy tests at school. Then they were expelledThe meeting of the executive board to consider the loan will take place on Tuesday. Bella Bird, the World Bank's Country Director for Tanzania, Burundi, Malawi and Somalia, is set to step down on Friday, according to a source at the bank.Tanzanian activists have written a letter, seen by CNN, to the executive board urging them to stop the loan until the country passes a law that guarantees the rights of pregnant girls to attend regular secondary schools and ends mandatory pregnancy tests. CNN visited three Tanzanian schools in 2018 where girls from grades eight and up were given compulsory pregnancy tests.Tanzania uses a morality clause in a 2002 education law to give schools the legal framework needed to expel pregnant students -- the practice originally dates back to the 1960s. The law has been more widely applied since President John Pombe Magufuli took office in 2015.Read MoreA $300 million educational loan to Tanzania was withdrawn in 2018 over concerns about expelling pregnant girls and the introduction of a law that made it a crime to question official statistics.The Tanzanian government amended the statistics law last year, but stopped short of any formal changes to the way it treats pregnant girls.Tanzanian court upholds a law banning child marriageA World Bank spokesman for Tanzania said that since 2018 the bank has worked with the Tanzanian government to find a solution. He said the purpose of the reworked loan program was to"enhance the quality and provision of education.""The program has been redesigned ... to ensure girls and boys who drop out, including pregnant girls, have alternate education options for themselves."Asked why the bank didn't require a guarantee that girls who get pregnant would be allowed to continue in state school if they wish to, the spokesman repeated the current solution was a result of an agreement between the World Bank and Magufuli.The Tanzanian government declined to comment to CNN. According to a World Bank document outlining the loan, about 5,500 girls were not able to continue their secondary education due to adolescent pregnancy and young motherhood in 2017.Around a quarter of Tanzanian girls aged between 15 and 19 are mothers or pregnant. According to the United Nations Population Fund, the percentage of teenage girls who have given birth or who were pregnant increased to 27% in 2016 from 23% in 2010.Child marriage, as young as 15, which has been barred since 2016, remains an issue -- 36% of women aged 25-49 have been married before they turned 18, according to official data from 2016, the latest available. These women got married. But it wasn't for love Opposition leader Zitto Kabwe told CNN that the new loan would enable the stigma around pregnant girls in Tanzania to continue."The way the loan is been structured [means] the young girls who get pregnant for whatever reason will be put in separate schools," he told CNN."This is not right. I am wondering how can the World Bank allow this."Kabwe also sent the World Bank a letter about the loan, highlighting the worsening human and gender rights situation in the country. Kabwe asked the bank to suspend lending to the government"until basic checks and balances are restored in Tanzania."Elin Martínez, senior researcher at the Children's Rights Division at Human Rights Watch, called the reworked program a"workaround." "The government has not fulfilled the promises and the conditions that were set last year," she said. "We thought that the World Bank was not going to proceed with that loan until the government adopted a policy where it actually explicitly said 'we will end the discrimination against girls.'""That has not happened. [The government] will not remove the discriminatory ban, that's quite clear now." Read more: CNN
China central bank raises limit on small bank payments amid virus outbreakChina's central bank said on Friday it would temporarily raise the upper li... Here we go. When a central bank adapts its policies in the wash of an epidemic, a wave of financial turmoil has to happen. (Couldn't help the metaphor…it's late, but that's a watery excuse.) 😪😥 Wuhan WuhanCoronavirus WuhanPneumonia nCoV2019 nCoV coronavirus
Dubai's Emirates NBD Bank sells stake in NMC after Muddy Waters attackDubai's Emirates NBD Bank said on Friday it had sold a 1.04% stake in healt... Muddy Waters never attacked anyone! The Hoochie Coochie Man is better than that.
Exclusive: India's HDFC Bank taps Egon Zehnder to identify Aditya Puri's successorIndia's HDFC Bank has chosen global executive search firm Egon Zehnder to i...
Man says bank racially discriminated when they refused to cash checks from discrimination settlementA man is suing a Michigan bank for racial discrimination after he says the staff refused to deposit settlement checks from another racial discrimination case and called police on him. Get your checks, King 🙌🏻 Black and white bank tellers give me grief. I learned to stick with the same branch and getting to know the people there.
Switzerland Bans Unnamed Former Bank CEO Over Insider TradingThe Swiss Financial Market Supervisory Authority said the chief executive used information received on the job and shared inside information with others for share trades, breaking internal rules and supervisory law. Compared to the theft of all the money of the Jews killed in the Holocaust, this is penny ante stuff. Come on Switzerland 🇨🇭, let’s get your criminality ack up at the top where it belongs. Happens all the time While Shambhavi Anand deliberately broke 🇮🇳abortion law(20wks) TWICE (6 & 7mnths-A Criminal Offense) aborted 7mnths alive girl child then fled 2 🇨🇦 BrockUniversity GoodmanSchool 2 b 'Future Business Leader' realDonaldTrump bgsceo AACSB AbbyJohnson
Jamie Dimon’s Salary Rises To $31.5 Million In 2019, Amid Record Bank ProfitsThe J.P. Morgan Chase CEO looks set to remain the highest paid bank executive in the U.S. I love Capitalism. It's working for me. Not surprised. After all, everyone has to pay for his lavish trip to Davos each year, why not his overinflated salary as well? It helps having friends in high places.