BREAKING OUT OF THE BUBBLE TO TRANSFORM EDUCATION FINANCING

BREAKING OUT OF THE BUBBLE TO TRANSFORM EDUCATION FINANCING How the Strategic Finance Agenda from the Transforming Education Summit Could Deliver Breakthroughs in 89 Countries September 2023 1 OVERVIEW The Transforming Education Summit (TES) in September 2022 was the highest level education meeting ever – convening Heads of States on an unprecedented scale to address the education crisis. [...] This briefing is based on an extensive new analysis of different data sets (see the 3 tables in the annexes) to show how breakthroughs on tax, debt and austerity are fundamental for making progress on education in 89 partner and eligible countries of the Global Partnership for Education (GPE).2 On tax, the TES finance agenda includes calls for action nationally to ‘increase the fiscal space for ed. [...] Whilst the focus of this report is on GPE, many of the issues raised in it are equally relevant for national governments and other global education actors, including the SDG4 High Level Steering Group, UNESCO, the World Bank and the Multilateral Financing of Education Initiative. [...] The GPE Board and Secretariat should engage positively and actively in the negotiations about global tax reforms given the transformative impact they could have for the BREAKING OUT OF THE BUBBLE TO TRANSFORM EDUCATION FINANCING 4 BREAKING OUT OF THE BUBBLE TO TRANSFORM EDUCATION FINANCING 5 . [...] Whilst the focus of this report has been on GPE, many of the issues raised in it are equally relevant for national governments – and we urge Ministries of Education and Ministries of Finance in each country to discuss the national data shared in the three tables.