Education Finance How-To Note
Finance is a critical input to a country’s education system, and this How-To Note focuses on how to sustainably build and finance quality education. Partner country education systems are strained under the pressure of scarce financial resources, demographic changes, and growing enrollments, and these pressures will only grow with time. The Education Commission estimates that low- and middle-income countries will require $3 trillion in annual education spending by 2030—a gap of $1.8 trillion from current spending. Additional financial resources and more effective use of these resources are critical to “ensure inclusive and equitable quality education and promote lifelong learning opportunities for all.” Within this context, governments, donors, NGOs, and scholars are thinking critically about education finance, and bringing questions about cost-effectiveness, efficiency, and equity into a variety of education-related work, including policy discussions, project and activity design, implementation, and monitoring, evaluation, and learning.