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Record 28.5 Billion US Dollars Pledged For Global Education

This unprecedented outcome, which seals billions of additional dollars from both donor and recipient countries, was driven by extraordinary commitments by 27 developing countries to increase their own education budgets by US$26 billion, which represents an increase of 25 percent between 2015 and 2018. These funds will boost the education resources available to tens of millions of children in developing countries.
Brussels, (informazione.news - comunicati stampa - istruzione e formazione)

This unprecedented outcome, which seals billions of additional dollars from both donor and recipient countries, was driven by extraordinary commitments by 27 developing countries to increase their own education budgets by US$26 billion , which represents an increase of 25 percent between 2015 and 2018. These funds will boost the education resources available to tens of millions of children in developing countries.

Donors including the European Union, Sweden , Norway , Denmark and the United Kingdom also pledged over US$2.1 billion for the GPE Fund, an increase of US$600 million or 40 percent on the last replenishment pledging conference in Copenhagen in 2011. Pledges were also received from multilateral organizations, NGO partners, the private sector, and – for the first time – two foundations contributed to the GPE Fund. In addition, the Islamic Development Bank will contribute US$400 million in loan buy-down arrangements.

The conference marks the start of the Partnership's four-year replenishment period (2015-2018), which aims to raise a total of US$3.5 billion in donor commitments. Today's result takes the Global Partnership more than half way towards that ultimate goal.

Hosted by the European Commission, the conference brought together some 800 delegates including more than 40 ministers, education experts, and representatives from multilateral organizations, civil society, business and youth leaders from 91 countries.

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Among the Global Partnership's key strategic goals in the coming replenishment period are to improve access and equity, address quality and learning outcomes, and improve data and education management systems.

For details of all pledges please see the GPE Replenishment Outcome Document.

Further key outcomes of the replenishment conference were seven based on discussions by delegates in more than 20 side sessions.

The is made up of nearly 60 developing country governments, as well as donor governments, civil society/non-governmental organizations, teacher organizations, international organizations, and the private sector and foundations, whose joint mission it is to galvanize and coordinate a global effort to provide a good quality education to children, prioritizing the poorest and most vulnerable. The Global Partnership for Education has allocated US$3.7 billion over the past decade to support education reforms in some of the world's poorest countries.

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