Accelerating Progress toward the Education MDGs

In September 2010, World Bank President Robert Zoellick pledged that the Bank would commit an additional $750 million in financing for basic education over five years from the International Development Association (IDA), to help the poorest countries accelerate progress toward the 2015 Millennium Development Goals (MDGs) for Education. In November 2011, the Bank reaffirmed this commitment at the Global Partnership for Education pledging conference in Copenhagen.

Average IDA support for basic education was $742 million per year during 2000-2010. Our projections are for a sharp rise in IDA support for basic education in the current fiscal year (FY2012) to about $1.2 billion. If this is realized, the Bank will meet its pledge by 2015 by sustaining support for basic education around $1 billion per year over the next 3 years. This is priority for our dialogue with countries, particularly in Africa, on how to effectively utilize their IDA resources. We are closely monitoring progress on our pledge and will be providing quarterly updates on this site.

 


* Estimate for FY12 based on actual + pipeline lending as of December 19, 2011

* Estimates for FY12 based on actual + pipeline lending as of  December 19, 2011
** FY12 lending as of  December 19, 2011- does not include estimated additional lending