Launching a new funding drive for education involving governments, development organizations, and philanthropists, the replenishment of GPE will mark the beginning of a new era of education financing to reverse the trend of declining aid for education. GPE’s goal is to reach financing of US$2 billion a year by 2020.
The Board of Directors of the Global Partnership for Education (GPE) has approved an ambitious new financing and funding framework to support global education. The framework’s purpose is to substantially increase GPE’s support to developing countries, and drive greater and better coordinated public and private financing for global education. The new framework will fund GPE 2020, the partnership’s 5-year strategy and become effective in 2018.