Replenishing our Financial Resources
Our Second Replenishment
Our second replenishment covers the years 2015 to 2018 and aims to achieve our vision of all children in school and learning.
On June 25 and 26, 2014, we held our second Replenishment Pledging Conference in Brussels, hosted by the European Commission. The event gathered more than 800 participants from 91 countries who together made historic financial and policy commitments to education:
- Developing country partners pledged a combined US$26 billion in domestic resources to basic education over 4 years. This exceeds by far the expected outcome of US$16 billion.
- Donor partners pledged US$2.1 billion in Brussels, which represents 60% of the target of US$3.5 billion. Other donor pledges are expected over the replenishment period.
- CIFF and Dubai Cares are the first philanthropic entities to make pledges to the GPE Fund.
- The Islamic Development Bank pledged US$400 million in loan buy-down, an innovative financing mechanism not yet used elsewhere in the education sector.
Partners also made remarkable commitments in the other three areas of the pledging framework:
- data, accountability and systems strengthening
- equity and access
- quality and learning.
Why do we need a replenishment?
In 2014, more children are in school around the world than ever before. But despite good efforts to ensure all children are learning the basics, 250 million children are still not able to read or write by the time they reach Grade 4. The poorest countries around the world are experiencing a crisis in education, with 58 million children still without access to school.
GPE’s second replenishment is to ensure that the international community is committed to giving all boys and girls in the poorest countries access to school and learning.
What outcomes do we want to achieve?
With US$3.5 billion from 2015 to 2018, the Global Partnership can achieve the following outcomes in 66 eligible countries:
- Support the annual school cost of 29 million children in primary and lower-secondary school; 23 million will be in fragile and conflict-affected states
- Reduce the number of children not completing primary education from 7.6 million to 4.8 million (2014-2018)
- Help more girls complete primary & secondary school: increase primary completion from 74% in 2014 to 84% in 2018; increase secondary completion from 44% to 54% between 2014-2018
- Improve learning: increase of core reading and numeracy skills by 25% (from 16 to 20 million children between 2014-2018)
- Reduce drop-out rates in primary and lower secondary school by 10%
- Reduce repetition rates in primary and lower-secondary school by 10%
The first GPE Replenishment covered 2011-2014 and generated pledges from 60 partners. Close to $2 billion were contributed to the GPE Fund over that period.