The International Finance Facility for Education (IFFEd) has once again been recognised for its financial strength and credibility, with both and Moody’s Investors Service and S&P Global Ratings reaffirming IFFEd’s top-tier credit ratings this autumn. In October, S&P Global Ratings re-affirmed IFFEd’s AA+ long-term issuer credit rating with a stable outlook, confirming the organisation’s continued…
IFFEd CEO Karthik Krishnan and COO Nina Stochniol, along with key partners from the UK Foreign, Commonwealth & Development Office (FCDO) have met partners in Manila to finalise the first ADB-backed investments.
The International Finance Facility for Education (IFFEd) is demonstrating how innovative finance can significantly increase the resources available for global education, multiplying the impact of every donor contribution by up to seven times. Photo by Ben White on Unsplash Through its innovative finance model, IFFEd combines donor grants and guarantees to enable multilateral development banks…
A Generation Of Possibilities: Turning Millions Into Billions To Educate The World’s Children And Youth
IFFEd and the World Bank have called for a new era of smart education finance in a joint article highlighting the critical role of innovative and blended finance in transforming education systems worldwide.
UN Secretary-General António Guterres and UN Special Envoy for Global Education Gordon Brown celebrate IFFEd’s $1.5 billion commitment to global education with IFFEd Founding CEO Karthik Krishnan and Theirworld Global Youth Ambassadors Angela Zhong and Adrija Sarkar during the UN Summit of the Future.
In a significant move to bolster education and skills development, UK Secretary of State for Foreign, Commonwealth and Development Affairs, the Rt Hon James Cleverly, announced today a series of funding commitments targeted at enhancing the international financial system and supporting developing countries to work toward achieving the UN’s Sustainable Development Goals.
As of July 1, 2023, IFFEd is now established and operating as a non-profit foundation based in Geneva, Switzerland. Through its innovative finance model, the newly independent organization will work in collaboration with government, non-government and philanthropic partners to scale-up more affordable financing for quality education and skills development in lower middle income countries (LMICs).
Half of the world’s children live in countries where the quality of education is so poor that large numbers of 10-year-olds cannot read an entire sentence – despite having attended school for several years.
UN Special Envoy for Global Education Gordon Brown presents the founding statutes of the International Finance Facility for Education (IFFEd) to UN Secretary-General António Guterres to mark IFFEd’s launch at the Transforming Education Summit. Watch the video here.