Starting in September 2018, over the next two years, NORRAG and a global network of six partner universities will engage in researching and developing cutting-edge multimedia material for teaching and eLearning on innovative financing in education and development.
The COFER Innovative Financing in Education and Development: Case Studies and Multi-Media Material for ELearning project is partially funded by swissuniversities Development and Cooperation Network (SUDAC) under the development of ‘Consortia for Education and Research (COFER)’, and by the partner organisations: NORRAG, an associate programme of the Graduate Institute, Geneva, University of Fribourg and Zurich University of Teacher Education (Switzerland), Universidad Nacional de General Sarmiento in Buenos Aires (Argentina), Beijing Normal University (China), Tata Institute of Social Sciences in Mumbai (India) and the University of Cape Town (South Africa).
This project, which contributes to NORRAG’s knowledge production and capacity building goals, assembles scholars who are experts in the field of innovative financing in education from around the globe. Together they will engage in research and develop real world analytical case studies on the various innovative financing mechanisms such as results-based financing, philanthropic giving, corporate social responsibility programs, remittances, Income Share Agreements diaspora bonds, and social impact bonds. These innovative financing mechanisms are used to complement more traditional forms of financing from government tax revenues and international aid.
Project Director Dr. Arushi Terway of NORRAG, when discussing the project said “This project brings focus to a severely under-examined issue in the education development arena which has been gaining prominence globally i.e. of private sector involvement in development.”
Professor Cathryn Magno, Head of SUDAC-COFER, from the University of Fribourg said: “I am pleased to see that the seven consortium partners will join their expertise to develop learning materials to be used for post-graduate and executive education courses on innovative financing in education. At a second stage, these will be used as a foundation to develop a full-fledged MOOC on the topic”.
The research and the blended-learning educational material developed through this project will address the existing knowledge and capacity gap for professionals working in the education financing space to develop a nuanced understanding within two spheres:
- Technical aspects of complex financial design of innovative financing mechanisms
- Critically analyse diverse perspectives, opportunities, and challenges in utilizing these mechanisms for SDG4
- Examine the complexities that emerge in the conceptualization and application to the field of education.
Project summary on COFER website