In 2015, world leaders committed to the ambitious sustainable development agenda. For education, this includes the pledge to 'ensure inclusive and equitable quality education and promote lifelong learning opportunities for all by 2030’.
Such ambitious goals need to be financed. Since education is central to the achievement of all development goals, failing to make adequate investments in education puts the success of the entire new agenda at risk.
Providing pre-primary, primary and secondary education to all children by 2030 will cost US$340 billion per year on average in developing countries. These governments will cover 88% of the costs, but that still leaves a funding gap of US$39 billion annually.
Therefore, this year Global Action Week for Education is highlighting the need for more education financing to #FundtheFuture. The campaign explores opportunities and challenges in financing education, with a focus on needs of the most marginalized populations.