Finance

Remittances well exceed aid as the most important external finance source for poor countries: let’s make the most of them – Education Article

Next month, the GEM Report will release the breakdown of global aid figures for education in its annual policy paper. But the signs do not look good. ‘Poorest countries bear the brunt as aid levels fall for second successive year’ and ‘New aid figures reveal ‘incredible lack of ambition‘ are some of the headlines reacting to the release of the total aid levels last week. On the back of this news, the World Bank analysed the figures from a remittances…

Read More

New Financing for Sustainable Development Report argues “action is needed at all levels” including on education – Education Article

The 2019 Financing for Sustainable Development Report (FSDR) of the Inter-agency Task Force, whose fourth edition was released today, reviews the global financing landscape to make recommendations for governments. It puts special emphasis on the five Sustainable Development Goals under review at the High-Level Political Forum this July, which includes the education goal, SDG 4. Ahead of the Spring Meetings of the World Bank and IMF and the United Nations ECOSOC Forum on Financing for Development, the 2019 FSDR assesses…

Read More

Over $1.7 billion committed to education at the Global Citizenship Festival – Education Article

Significant strides were made to #FundEducation at the Global Citizen Festival Mandela 100’ this week, totaling just over US$ 1.7 billion. It is often said that 2019 is the year of education: SDG 4 is going to be reviewed for the first time at the High-level Political Forum, while major decisions are anticipated on the international education aid architecture. These prospects are creating a sense of momentum. This week, celebrating the centenary of Nelson Mandela, Global Citizen with the Mostepe…

Read More