UK Earmarks More than USD1B for Global Education

The U.K. plans to spend 1 billion pounds (USD1.5 billion) in 2010 to support education initiatives around the world, the Press Association reports. Of the sum, 600 million pounds will be channeled as bilateral spending through the Department for International Development. Approximately half of this amount is earmarked for conflict-afflicted and fragile countries, including Congo and Somalia. The remaining 400 million of the total budget will be directed to the World Bank, European Commission and related organizations. A portion of it will be reserved for emergencies and disasters.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.