The International Finance Facility for Education: Joint Statement by Multilateral Development Banks

May 11, 2018 — In 2015, the international community committed to the Sustainable Development Goals, including Goal 4, which is to ensure inclusive and equitable quality education and promote lifelong learning opportunities for all. That same year, in Addis Ababa, multilateral development banks committed to work together to assist countries to generate the needed financial resources.

In this context, we welcome the proposal for the International Finance Facility for Education. Urgent and unparalleled action is needed to create a learning generation. The Facility being designed proposes innovative ways to make education financing more affordable for countries while leveraging the ability of MDBs to raise additional funds. We are pleased to be working together to explore ways to make such a Facility feasible and ensure that it meets the objective of expanding support to countries committed to invest in and reform their education systems to reach the SDG targets.

Partners:

• The World Bank Group
• African Development Bank
• Asian Development Bank
• European Bank for Reconstruction and Development
• Inter-American Development Bank

Click here to learn more about the International Finance Facility for Education. To learn more about the World Bank's work in education, click here.