Aid to education: a return to growth? (GEM Report, May 2018)

Submitted by geraldine on Thu, 05/24/2018 - 09:19
Publication
2018-05 Aid to education a return to growth GEM graph

The Sustainable Development Goals (SDGs) has a target for 2030 of all young people completing secondary school of good quality. In 2010–2015, on average only 45% of young people were completing secondary school. To meet this target more and better financing is essential.

The "Aid to education: a return to growth?" (Global Education Monitoring, May 2018) provides an update on donor commitments.

It discusses the main multi-stakeholder partnerships in external financing in education.

The international education financing architecture currently includes three mechanisms:

  • The Global Partnership for Education 
    • Secured pledges in Feburary to replenish its fund for 2018–2020
  • The multilateral partnership, Education Cannot Wait
    • For the financing of education in emergencies;
  • The International Finance Facility for Education
    • Is taking shape as a proposal to donors and multilateral banks.

Read the paper

Key Tweets:

  • New @GEMReport policy paper shows that aid to education, after years of stagnation, increased by 13% to reach a high in 2016 #FundEducation Bit.ly/fundeducation
  • Aid to education has increased, but is STILL well below the level identified as necessary to cover the cost of reaching #SDG4 #FundEducation Bit.ly/fundeducation
  • More and better domestic and external financing will be an essential part of any strategy to achieve #SDG4 #FundEducation Bit.ly/fundeducation
  • New @GEReport policy paper shows that aid disbursements to basic education have increased, but they are still not always allocated to countries most in need #FundEducation Bit.ly/fundeducation
  • The increase in aid to education needs to be sustained for several years just to make up for the stagnation over 2010–2015 #FundEducation Bit.ly/fundeducation
  • Adequate external financing opportunities for education should be available to both low and lower middle income countries #FundEducation Bit.ly/fundeducation
  • Aid to education grew by US$1.5 billion, or 13%, to a record US$13.4 billion between 2015 and 2016, its highest level since records began in 2002 #FundEducation Bit.ly/fundeducation