Knowledge Products

Literature Review

The NORRAG team conducted a comprehensive literature review of both grey and academic literature on IFE, which included over 150 individual articles. The publication includes an analysis of the types of mechanisms that have been researched, disciplinary approaches, definitions, rationales, along with a discussion on the identified benefits and challenges. A typology and description of the most prevalent innovative financing mechanisms discussed in education will also be published.

Digital learning content on IFE

The NORRAG team has developed motion animation videos explaining the technical design of innovative financing mechanisms relevant to the education sector. To watch the videos, please click on the titles below:

Need for Improving Education Financing


Education Bonds

Parametric Disaster Insurance

Harnessing Remittances

Income Share Agreements

Debt Swap

Income Contingent Loan

Advance Market Commitment

Social Impact Investment

Case studies

The project has developed several case studies on the experience of designing and implementing innovative financing mechanisms. To learn more, please find the case studies below:

Educate Girls Development Bond

Global Partnership for Education – GPE Multiplier Fund

International Financing Facility for Education (IFFEd)

Girls Rising and Global Education Fund

Education Performance for Results Program in Tanzania

Education, Youth, and Employment Bond­­—Inter-American Development Bank

Lumni Income Share Agreement

Debt-for-education swaps: Cases between Spain and Latin American countries

IDP Rising Schools Program

Crowdsourcing student loans: Student financing in Kenya with Kiva and Strathmore University

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