The well-being of children around the world is facing a critical moment. Despite advancements in health, education, nutrition, and protection, progress has stalled and is even regressing in some cases. Currently, 333 million children live in extreme poverty, surviving on less than $2.15 per day. The devastating impact of conflict, extreme weather, and rising costs on children is evident, with a lack of political will to address issues affecting their health and lives.
However, there is hope. Children can be change-makers in their communities, and investing in them can bring significant returns. For every dollar invested in children, a total social value of $10 is generated, with benefits paid across generations. Despite this potential, only a fraction of official development assistance targets children, and policymakers and donors must prioritize their well-being.
World leaders have three opportunities to act on behalf of children before 2024 concludes. The United Nations Summit of the Future in September aims to adopt the Pact for the Future, which could significantly bolster children's well-being. The G20 Summit in Brazil in November will discuss the Global Alliance Against Hunger and Poverty, and the 21st replenishment of the World Bank's International Development Association (IDA21) requires ambitious commitments to children. These moments have the potential to turn the tide for children, and the stakes are high. The future of the world hinges on the well-being of its children, and investing in them today will secure a brighter, more prosperous future for all.
