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Financing & Partnerships

Financing is the crucial element to achieving equity and inclusion in education. It is a tool utilized from the top-most level to the works on the ground. According to the World Bank’s Education Finance Watch 2021, low-income countries spent significantly less on education compared to high-income countries. They also cut more education budget during the COVID-19 pandemic. Re-allocating budget to most disadvantaged groups would bring the biggest impact and yields. 

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Find more about education financing here.

Governments and education-related organizations seek partnerships and innovative financing solutions in solving financial issues in education. Partnerships, especially ones involving the private sector, can help provide funds to the most disadvantaged. A NORRAG working paper describes that innovative financing is a non-traditional approach to raise new funds and to spend existing funds in more efficient and effective ways using market-like practices.

This section provides information on financing for equitable education from the familiar mechanisms such as investment in education, public spending management, budget allocation formula, traditional fundings, donors and sponsors, to new financing models for education, private sector engagement, partnerships, crowdfunding, social actors’ sharing of costs, risks and responsibilities, and innovative financing for education.

You will get to know the recent financing trends for education, news and information on financing, including innovative financing, and how countries, organizations and schools manage their financing and fill the funding gaps. Not only government officials, education personnel and the private sector can also benefit from the section, as they can all work towards equitable and inclusive education.

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Key Resources

Find more about innovative financing

Read the overview of education finance from the World Bank Group

Levels of Education

Vocational Education
Secondary Education
Primary Education
Non-Formal Education
Higher Education
Early Childhood and Pre-Primary Education