1. Increasing Aid and Development Financing Volumes for the Advancement of Education in Lower-Middle-Income Countries
- Author:
- Christian Novak
- Publication Date:
- 01-2020
- Content Type:
- Policy Brief
- Institution:
- Institute for the Study of International Development, McGill University
- Abstract:
- To advance education in lowermiddle-income countries, official donors and multilateral development banks must increase their financial support to address the financial gap. Specific recommendations: • Expand the use of innovative development financing solutions. • Expand the use of innovative aid solutions. • Multilateral development banks to increase financing volumes and to strengthen efforts to maximize financial additionality and private capital mobilization. • Review the classification of LICs and LMICs. • Increase domestic budget allocation. Implementing the recommendations require coordinated efforts of all stakeholders. In addition, it is paramount that lower-middleincome countries design and fully implement effective long-term education programs and systems. Benchmarking and feedback must be constant, prompting sustained improvement and the adoption of international best practices.
- Topic:
- Development, Education, United Nations, Foreign Aid, Finance, and Sustainable Development Goals
- Political Geography:
- Global Focus