UN launches first-ever International Finance Facility for Education
UNITED NATIONS, Sept 18 (NNN-Xinhua) — UN Secretary-General Antonio Guterres and his special envoy for global education, Gordon Brown, launched a multi-billion-dollar International Finance Facility for Education (IFFEd).
With the first projects expected in 2023, IFFEd will support education and skills development investments in lower-middle-income countries. With an initial funding of 2 billion U.S. dollars, the facility is expected to expand to 10 billion dollars by 2030.