The global out-of-school population has reduced by only 1% in nearly ten years, with chronic under-investment in education being one of the main causes. UNESCO calls on Member States to leverage innovative financing mechanisms such as debt-for-education swaps. Completion rates are also on the rise, with more children in school today than ever before. However, 251M children and youth are still not in school worldwide, with regional disparities remaining stark. Education financing is a key bottleneck, with 4 in 10 countries spending less than 15% of their total public expenditure and less than 4% of GDP on education. The education investment gap between countries is also staggering, with low-income countries spending only $55 per learner in 2022. UNESCO is calling on States to consider a multilateral platform dedicated to converting debt into sustainable financing for education.
Shopping Cart