Turning one into seven: IFFEd model to multiply donor impact

Through its blended finance model, IFFEd combines donor grants and guarantees to enable multilateral development banks (MDBs) to extend low-cost finance for education in low-and-middle-income countries. Each dollar of cash contributed by a donor unlocks seven dollars in affordable, sustainable finance, allowing countries to access the funding they need to strengthen learning systems and skills development.

IFFEd’s approach was highlighted in a Devex feature this month, which described the Facility as a “moonshot” for global education – a mechanism capable of bridging the persistent gap between ambition and available resources.

“Shrinking aid budgets don’t mean shrinking ambition. IFFEd’s smart aid approach gives us the means to do more with less,” said Karthik Krishnan, Chief Executive Officer of IFFEd.

IFFEd’s structure enables MDBs such as the Asian Development Bank and the World Bank to deliver concessional finance that supports education reform, skills programmes and inclusive growth. By leveraging public funds efficiently and sustainably, IFFEd aims to create a long-term system for financing education and unlocking opportunity for the next generation.