Organization: The event is jointly organised by NORRAG, an Associate Programme of the Graduate Institute Geneva focusing on international policies and cooperation in education and training, and the Centre for Finance and Development.

Location: Graduate Institute Geneva, in room S8.

Description: NORRAG and the Centre for Finance and Development are pleased to invite you to a panel discussion on Innovative Financing for Education and Development.

Achievement of SDG 4 on inclusive and equitable quality education will require substantial increases in international aid and domestic financing for education. Given the general decline in global aid to education and the need for an additional US$ 1.8 trillion per year (as estimated by the Education Commission) in low- and middle-income countries, there is a growing interest in turning to innovative and non-traditional financing for the sector. The sector, however, has not witnessed widespread experimentation or adoption of innovative financing mechanisms yet. There also exists scepticism and polarising debates, primarily around the engagement of the private sector in financing and delivery of education as a public good.

The panellists will present their experiences and insights with development financing in education and the potential role of innovative financing mechanisms in meeting the global SDG goal.

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