In its annual global education report released Wednesday, UNESCO revealed that foreign aid donors remain off track in fulfilling their financial commitments to global education, including the second Millennium Development Goal of achieving universal basic education by 2015. Foreign aid to global education has fallen in the aftermath of the global financial crisis — widening the global financing gap for basic education to a staggering $26 billion each year.
But a Devex analysis of the recently released 2012 aid data from the Organization for Economic Cooperation and Development shows that it isn’t all bad news in the education donor landscape.
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Lorenzo Piccio@lorenzopiccio
Lorenzo is a contributing analyst for Devex. Previously Devex's senior analyst for development finance in Manila, he is currently an MA candidate in international economics and international development at the Johns Hopkins School of Advanced International Studies in Washington. Lorenzo holds a bachelor's degree in government and social studies from Wesleyan University.
