NORRAG and the Centre for Finance and Development organised on 5 December a panel discussion on Innovative Financing for Education and Development. The panellists presented their experiences and insights with development financing in education and the potential role of innovative financing mechanisms for the achievement of SDG 4 on inclusive and equitable quality education.
Achievement of SDG 4 on inclusive and equitable quality education will require substantial increases in international aid and domestic financing for education. Given the general decline in global aid to education and the need for an additional US$ 1.8 trillion per year (as estimated by the Education Commission) in low- and middle-income countries, there is a growing interest in turning to innovative and non-traditional financing for the sector. The sector, however, has not witnessed widespread experimentation or adoption of innovative financing mechanisms yet. There also exists scepticism and polarising debates, primarily around the engagement of the private sector in financing and delivery of education as a public good.
- Arushi Terway, Senior Lead Research Associate, NORRAG, Geneva
- Aleesha Taylor, Principal, Herald Advisors, New York
- Aunnie Patton Power, Associate Fellow at the University of Oxford’s Saïd Business School and Adjunct Lecturer at the University of Cape Town’s Graduate School of Business
- Nicholas Burnett, Senior Fellow, Results for Development (R4D) and former UNESCO Assistant Director-General for Education
- Moderator: Ugo Panizza, Professor, International Economics, and Director, Centre for Finance and Development, The Graduate Institute Geneva
The event will take place on Wednesday 5 December from 12:30 to 14:00 at the Graduate Institute Geneva, in room S8.
The event is jointly organised by NORRAG, an Associate Programme of the Graduate Institute Geneva focusing on international policies and cooperation in education and training, and the Centre for Finance and Development.
The event is supported by: