The Global Education Opportunity Faces a Financing Challenge

Alice P Albright, Chief Executive Officer of the Global Partnership for Education

Co-presented with the University of Sydney Business School

 

Alice Albright CMS

Kanyepi and his classmates from Grade 1 use reading materials prepared by their teacher, Zimbabwe. Photo credit: GPE/Carine Durand.

The global community has the opportunity to secure extraordinary gains for children and young people living in the world’s poorest countries through education. The Global Partnership for Education (GPE), the only global partnership and fund solely dedicated to education in developing countries, has adopted as its vision the UN Sustainable Development Goal 4: Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all.

The goal of the Global Partnership for Education under it’s current Replenishment Campaign is 19 million additional children completing primary school, including 9.4 million girls, and 6.6 million additional children completing lower secondary school, including 3.9 million girls in countries facing conflict and fragility. The Replenishment will take place in early 2018.

These gains will have a powerful positive impact on the economies and societies of their countries and drive progress across all global development goals. However, global education is chronically underfunded and until recently, the Global Partnership for Education has relied largely on financing from traditional donors. Over the past year, GPE has developed a new comprehensive financing and funding framework (FFF) to mobilize additional, more diverse and better financing for education and to more efficiently deploy its funding.

New mechanisms include co-financing and blended finance, crowding in of corporate and private investment capital, and innovative disaster risk financing. Alice Albright, Chief Executive Officer of the Global Partnership for Education, will discuss the global education opportunity, these financing challenges and how GPE is adapting and innovating to address them.

Hosted by Professor Guy Ford, Director of the MBA program at the University of Sydney Business School.

ABOUT THE SPEAKER

Alice P Albright was appointed as the first Chief Executive Officer of the Global Partnership for Education's Secretariat in February 2013. Before taking on her role as CEO at GPE, Albright served in the Obama Administration as the Executive Vice President & Chief Operating Officer of the Export-Import Bank of the United States (Ex-Im Bank) from 2009 to 2013. Speaker profile

A public event for University of Sydney Innovation Week 2017