Category Archives: News

UK announces contribution of £180 million to the International Finance Facility for Education during UN General Assembly SDG Summit

Photo Credit: Annie Spratt 19 Sept 2023/NEW YORK CITY – 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…

IFFEd becomes an independent organization on July 1, driving financing for global education and skills development in lower-middle-income countries

Photo: Jaikishan Patel 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 affordbale financing for quality education and skills development in lower middle…

Sweden contributes to the largest global investment ever for the education of poor children with US$200 million guarantee commitment to the International Finance Facility for Education (IFFEd)

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.

Historic first-ever International Finance Facility for Education (IFFEd) launched at United Nations Transforming Education Summit

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. Photo: Ilya Savenok UN Secretary-General António Guterres and UN Special Envoy Gordon Brown launch multi-billion dollar finance facility –…

100 world leaders call on UN summit to launch IFFEd and tackle education crisis

Transforming Education Global Education is in crisis. Today nearly 300 million children don’t go to school, more than 80% of whom are found in low-income countries, and 800 million young people will leave school without any qualifications. Recent data shows that global learning poverty in low- and middle-income countries is estimated to have risen to…

Deputy Secretary-General echoes call to operationalize International Finance Facility for Education to drive education transformation

The UN Deputy Secretary-General Amina Mohammed’s delivered the following remarks at the Innovative Financing for Lower-Middle-Income Countries side event at the Transforming Education Pre-Summit in Paris on June 29, 2022. photo: UN/Eskinder Debebe As you know, I have regrettably joined Gordon Brown and many others on the list of those who would have wanted nothing…

UN Special Envoy Gordon Brown’s remarks at the Transforming Education Pre-Summit

UN Special Envoy for Global Education and Education Commission Chair Gordon Brown delivered the following remarks at the Transforming Financing for Education session during the Transforming Education Pre-Summit in Paris on June 29, 2022. This high-level panel examined the urgent shift in domestic and international financing needed to drive education transformation. Photo: Liesbet Steer/Education Commission…

Transforming Education Summit offers historic chance for bold funding action

World leaders will soon have a historic opportunity to tackle the global learning crisis and ensure all young people have the education and skills they need to fulfil their potential. Photo: Office of President Paul Kagame Education financing will be a crucial element of the Transforming Education Summit in September, which will be led by…

Urgent action needed to reform international development finance

The world is facing multiple crises all at once. The effects of the pandemic, catastrophic debt, the climate emergency, growing food and fuel shortages, and now the impact of the Ukraine war. What we need is an international development finance system that’s up to the job of tackling these issues. Instead, what we’ve got are…

IFFEd launches search for Founding CEO

Following several years of design and development with donors and MDBs, the International Finance Facility for Education (IFFEd) is being registered in Geneva and will launch at the Transforming Education Summit in September 2022, as called for by the UN Secretary-General and other global leaders. The development process to date has been led by the…