March 12, 2015
New estimates by UNESCO’s Education for All Global Monitoring Report (GMR) reveal that an annual US$22 billion external funding gap must be bridged if low and lower middle income countries are to achieve quality, universal pre-primary, primary and lower secondary education by 2030.
The paper “Pricing the right to education: The cost of reaching new targets by 2030,” launched today with Results for Development in Washington DC, shows that even if governments significantly increase overall funding for education to 5.4% of GDP, the new targets will not be met by the 2030 deadline and millions of children will continue to miss out on their right to basic education.
These findings come ahead of the crucial International Conference on Financing for Development in Addis Ababa this July, where the international community will discuss how much is needed to finance the post-2015 Sustainable Development Goals and the sources of these funds.
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