Wednesday July 24, 2019

India can Save $5 Billion in Healthcare by Eliminating Child Marriage, Adolescent Pregnancy

The study conducted by World Bank and ICRW not only highlights the problem but also serves an economic dimension to the problem which could be an incentive for the economy

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Child Marriage
The risks of child marriage. Wikimedia

July 15, 2017: Indians could be saving an amount of $5 billion (Rs 33,500 crore) in health care over a period of seven years, according to a new report by the World Bank and International Center for Research on Women (ICRW), if it eliminates child marriage and early childbirth. This amount is equivalent to the country’s 2017-18 higher education budget of Rs 33,329 crore.

The report concluded that $17 billion (Rs 1.14 lakh crore) could be saved globally across 18 countries by the year 2030 of which India accounts for $10 billion (62%) due to its large population. The basis of the study is quite rational as prohibiting early marriage and births reduces population growth, which in turn reduces pressure on government budgets.

Lower population growth across 106 countries from ending child marriage can lead to $566 billion savings per year in 2030.

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Child brides face violence, abuse and exposure to HIV/AIDS and other sexually transmitted diseases (STD), are more likely to drop out of school and give birth at an early age.
According to World Health Organisation (WHO), adolescent pregnancy can also lead to several health problems such as anaemia, malaria, HIV and other sexually transmitted infections, postpartum haemorrhage and mental disorders.

The proportion of girls marrying before legal age increased from 1.78% in 2001 to 2.45% in 2011 in urban India and declined from 2.75% to 2.43% in rural India over the same period. Furthermore, 70 districts spread across 13 states reported: “high incidence” of early marriages, which account for 21% of the country’s child marriages, as reported by IndiaSpend on June 9, 2017.

Another study carried by India Spend in 2015 showed that nearly 17 million Indian children between the ages of 10 and 19 are married.  Six million children are born from them, which constitutes 47% of India’s population currently married. Of these married children, 76% (12.7 million) are girls.

The study conducted by World Bank and ICRW not only highlights the problem but also serves an economic dimension to the problem which could be an incentive for the economy as a whole, if eradicated completely.

– Prepared by a Staff Writer of Newsgram

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World Bank Approves $310 Million Loan for Sri Lanka to Reduce Flood Risks

Evidence suggests flood frequency will increase

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The World Bank said in a statement that the Climate Resilience Multi Phase Programmatic Approach project in the island was the first of a three-phase investment programme. Pixabay

 The World Bank has approved a $310 million loan for Sri Lanka to reduce and mitigate the flood risks in parts of the capital and improve weather forecasting as well as early warning systems across the island country, the media reported on Thursday.

The World Bank said in a statement that the Climate Resilience Multi Phase Programmatic Approach project in the island was the first of a three-phase investment programme totalling $774 million which will be implemented over eight years.

Evidence suggests flood frequency will increase and nearly 87 per cent of Sri Lankans are living in areas which are likely to experience extreme temperatures and rainfall that will impact their lives, the statement cited by Xinhua news agency said.

“This comprehensive climate resilience programme will reduce losses to people’s livelihoods and public assets while reducing shocks on the economy,” said Idah Z. Pswarayi-Riddihough, World Bank County Director for Nepal, Sri Lanka and Maldives.

World Bank, Sril Lanka, Flood
The World Bank has approved a $310 million loan for Sri Lanka to reduce and mitigate the flood risks in parts of the capital. Pixabay

“Compelling evidence has informed this long-term programme which will help the government build socially responsive infrastructure and communication systems to protect lives and assets,” she added.

The programme aligns with the government’s plans to ensure fiscal and physical resilience and reduce the vulnerability of Sri Lanka’s economy in the aftermath of the 2016 and 2017 floods.

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The new forecasting systems are expected to benefit the entire nation, including 3.5 million beneficiaries living in flood-prone areas in 25 river basins. (IANS)