Published:
Tuesday, 1 November, 2011
While global spending on basic education increased from 2008 to 2009, to reach US$5.6 billion, it is still vastly insufficient for the 67 million children who are still out of school. Only around US$3 billion went to the poorest countries, which is far from the US$16 billion needed annually to reach the Education for All goals in these countries. Furthermore, more than half of the increase came from loans, largely as a response to the financial crisis. Such disbursements are unlikely to be sustained.
