Innovative Financing for Global Education

Download or read book Innovative Financing for Global Education written by Innovative Finance Foundation and published by . This book was released on 2013 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovative financing is a growing prospect and priority in the education sector, where over 57 million children and youth do not have access to schools, and the funding gap for achieving basic education for all is estimated at 26 billion dollars. It has made a significant difference in meeting the UN Millennium Development Goals, especially in health, by generating more than 7 billion dollars in additional financial resources through a range of new institutions and partnerships. This paper presents a comprehensive and practical analysis of the current state of innovative financing in global education. The report argues that education is a complex sector characterized by significant barriers to investment. But it also suggests how to break through these barriers using innovative financing such as solidarity levies and private sector investments through a global education investment bank. This research, carried out by the Innovative Finance Foundation, is part of the Open Society Education Support Program's efforts to identify innovative financing mechanisms and approaches that can increase the availability and allocation of resources for education systems.