In 2017, aid to education totaled US$ 13.2 billion, down 2% or US$288 million compared to 2016. The figures, released by the Global Education Monitoring Report, published by UNESCO, show the levels of aid to education continue to stagnate, growing by only 1% per year on average since 2009.
These figures raise questions about the global commitment to achieving SDG 4, the global education goal. An increasingly fragmented architecture for financing education is not helping. A new multilateral mechanism, the International Financing Facility for Education, which aims to lower the cost of borrowing for education for middle income countries, is expected to be announced later this month. It is an addition to the Global Partnership for Education, which provides grants to low income countries, and the Education Cannot Wait fund, which focuses on emergency contexts.