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.
A partnership between the World Bank and the International Finance Facility for Education aims to amplify the impact of education financing. Copyright: Arne Hoel/World Bank
The piece, published on the World Bank’s Education for Global Development platform, outlines how new financial mechanisms can unlock greater, more sustainable investment in human capital. It argues that traditional grant-based models are no longer enough to meet the scale of the global education challenge – and that smart financing approaches are essential to power a more prosperous, inclusive future.
The article explores how IFFEd’s innovative finance model is designed to multiply one dollar of donor cash into seven dollars of affordable, sustainable finance for lower-middle-income countries to spend on education.
“We need to move from incremental progress to transformational change,” write IFFEd CEO, Karthik Krishnan, and World Bank Head of Education, Luis Benveniste. “That requires more efficient use of existing resources, stronger partnerships between donors and development banks, and a focus on results that improve learning outcomes for all.”
Read the full blog on the World Bank website
30 April, 2025
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