UBS and the World Economic Forum reach the goal to donate 2500 bikes to children in South Africa

Zurich/Basel, 24 January 2015 – UBS and the World Economic Forum have achieved the goal they set for the Davos Meeting, to donate 2,500 specially designed bicycles to children in rural South Africa to help them get to school and improve learning outcomes. The target was reached through the program, The Davos Challenge: Walk for Education, which asked participants to walk as many steps at the Meeting, as a child may have to walk to get to school in rural South Africa. The bicycles will be provided by World Bicycle Relief, a not-for-profit organization operating throughout Africa for ten years improving access to education and increasing learning outcomes by reducing travel time for children.