UN launches first-ever Int’l Finance Facility for Education ...Middle East

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UN launches first-ever Int’l Finance Facility for Education
source : Daily Sun ( Middle East ) () 19
NEW YORK: UN Secretary-General António Guterres and his special envoy for global education, Gordon Brown, on Saturday launched a multi-billion-dollar International Finance Facility for Education (IFFEd).With the first projects expected in 2023, IFFEd will support education and skills development investments in lower-middle-income countries. With an initial funding of US$2 billion, the facility is expected to expand to US$10 billion by 2030, reported Xinhua.Since the Covid-19 pandemic began, two-thirds of countries have cut their education budgets, but education is the building block of peaceful, prosperous, stable societies, said Guterres at a joint press conference with Brown.“Reducing inve

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