263 million children around the world are missing out on an education. Over half of these are girls and 75 million are out of school due to conflict and natural disaster. Unless we urgently increase the amount of financing available for education we will not come close to achieving quality education for all children by 2030 and millions of children will never set foot in a classroom.
2017 is the year for our leaders to act for education: we need a massive shift in the way we invest in education systems for the next generation. We are asking G20 leaders to call on the World Bank, regional development banks and donors to establish an International Finance Facility for Education (IFFed) which can mobilise $10 billion or more annually in new and additional resources by 2020. These funds can help the poorest countries invest in and strengthen their own education systems.
Over coming weeks, we will be sending proposals to world leaders for increased funding for the Global Partnership for Education. Some countries, like Germany, Denmark and the UK are already considering how they can increase their support.
We have an opportunity to make sure these countries think big and come forward with the critical funds needed at the G20. Their early leadership will demonstrate a much needed step-change in education to help millions of kids.