Innovative finance to catalyze more and better funding for education
The GPE Multiplier is a US$300 million innovative finance instrument that provides an incentive and the financial resources to catalyze more and better investment in education.
Approved by the GPE Board in June 2017 and scaled up in June 2018, the GPE Multiplier enables partner countries to invest additional resources in education, increasing total support for a critical sector.
A country can access its allocation by mobilizing at least US$3 in new external financing for every US$1 from the GPE Multiplier.
Since 2018, 16 countries have secured more than US$137 million in allocations from the Multiplier, which has mobilized close to US$560 million in reported cofinancing in support of quality education from regional and multilateral development banks, bilateral donors, foundations and other development partners.