As finance ministers gather at the UN on 8 September to discuss Financing for Development in the era of COVID-19, leaders must prioritise investment in education for low- and lower-middle-income countries.
New research from UNESCO’s Global Education Monitoring (GEM) Report shows that school closures due to COVID-19 are projected to increase the annual funding gap for education in poorer countries to as much as US$200 billion per year. However, investing now in re-enrolment and remediation programmes could reduce the additional funding gap by 75%.
UNESCO’s new estimates first show the striking increase in the annual funding gap to meet the Sustainable Development Goal 4 to ensure inclusive and quality education for all by 2030 in low and lower-middle-income countries. With new annual spending requirements at US$504 billion, the funding gap has increased from US$ 39 billion annually projected in 2015, to US$148 billion annually projected in 2020. The now shorter span of reaching SDG4, slow progress before 2020, and improvements in data and quality standards are among the reasons for the increase………………………………………………………………
Equitable Education Alliance (EEA) is a community of practice for organizations; ministries, agencies and NGO’s who strives to push for a more inclusive and equitable educational system while enhancing the performance of existing equitable education organizations at all levels
This Website has been developed by the Lifelong Learning and Literacy Team, Educational Innovation and Skills Development, UNESCO Bangkok.
Disclaimer UNESCO does not warrant that the information, documents and materials contained in its website is complete and correct and shall not be liable whatsoever for any damages incurred as a result of its use.