The International Finance Facility for Education (IFFEd) will directly address the devastating global education crisis and learning inequalities that have been exacerbated by the deadly combination of COVID-19, climate change, and conflicts, according to a UN press release. The ground-breaking new facility uses a mix of sovereign guarantees and donor grants, to provide affordable education financing. This is why the International Finance Facility for Education is such an exciting development for our future generations. It will enable innovative finance to increase domestic resource mobilization in exchange for new international funding for education to serve the most marginalized students. “By expanding such funding, this facility will scale the solutions humanity needs to make opportunity universal and sustainable.”

Source: The Nation September 17, 2022 18:38 UTC