The World Bank Group announced it will double results-based financing for education to $5 billion over the next five years.
This announcement comes as policymakers, civil society leaders, private sector representatives and other education champions prepare to gather in Incheon, South Korea, for this week’s World Education Forum — where participants will set the groundwork for the post- 2015 education agenda.
Speaking Friday to reporters, World Bank Group President Jim Yong Kim emphasized that although progress has been made toward universal access to education, 121 million children still don’t have access to primary and lower secondary school — largely the result of “poverty, gender barriers, remoteness and disability.” The bank chief added that 250 million additional children still can’t read despite having attended school for years.
About the author
Jeff Tyson@jtyson21
Jeff is a former global development reporter for Devex. Based in Washington, D.C., he covers multilateral affairs, U.S. aid, and international development trends. He has worked with human rights organizations in both Senegal and the U.S., and prior to joining Devex worked as a production assistant at National Public Radio. He holds a master's degree in journalism from Columbia University and a bachelor’s degree in international relations and French from the University of Rochester.
