05.11.2011 - Education Sector

Aid to education still vastly insufficient, new figures show

© UNESCO/GMR Akash- 10 years old Dipa and 12 years old Laboni study in class 2 at "Unique Child learning Center", Mirmur-Dhaka

According to new analysis by the Global Monitoring Report team, while global spending on basic education increased from 2008 to 2009, to reach US$5.6 billion, it is still vastly insufficient for the 67 million children who are still out of school. Only around US$3 billion went to the poorest countries, which is far from the US$16 billion needed annually to reach the Education for All goals in these countries. Furthermore, more than half of the increase came from loans, largely as a response to the financial crisis. Such disbursements are unlikely to be sustained.

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