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Malaysian Banking And Finance Summit 2021
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As GPE Submit opens, Bridge Liberia MD Explains Why It Is Right To Look Beyond Spending
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UAE pledges Dh367 million to support education of women, girls around the world
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GG Gbovadeh Gbilia-MD Bridge Liberia
The Global Partnership for Education (GPE) Financing Summit taking place on July 28th and 29th will focus a spotlight on the gap in education funding around the world.
The GPE’s own estimate is that the annual gap between what is spent now and what needs to be spent to achieve quality education for all stands at nearly $200 billion, a difference made bigger by the devastating impact of the Covid-19 pandemic on countries’ economies.
So, admirable as the goal of raising at least $5 billion over five years in donor pledges to spend on global education may be, the solution to the lack of investment in education will not come from aid. Countries are predominantly going to have to find ways of helping themselves; and quickly. Domestic financing constitutes the lion’s share of resources to education in GPE partner countries: more than two-thirds of education resources from domestic public expenditure.
Why The GPE Summit Is About Much More Than Donor Money
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