Innovative Financing fot Education: Arguments, Options and Implications
The summer Education Support Program of the Open Society Foundations in collaboration with the Central European University, Hungary are running a summer school on Innovative Financing for Education, in Budapest from the 13th to the 17th of July, 2015.
The summer school will introduce participants to the complex political economy of financing for education. With the funding gap for achieving global targets for education estimated at $26 billion per year, the dynamic between commitment to education for all and reduced financial space from traditional sources needs to be appreciated before moving to any discussion of financing issues specifically. After a detailed look at the traditional sources of funding and the dynamics determining their current limits and future prospects, the course will move to introducing broad ideas for possible and non-traditional sources of finance for education.
It will then examine in detail some specific instruments and approaches that have been or are being developed and how they have been, or can be, deployed, including those that ESP has been at the forefront of supporting and developing; Diaspora Bonds for Education, Education Venture Fund, Equity-focused Impact Investing, and Debt Swaps for Education.
At the end of the course the participants will have a much deeper appreciation of the political economy in which education finance issues are embedded, the current dynamics regarding traditional sources of finance, current and under-development possibilities from non-traditional sources and future directions in which this work can develop.
The summer school remains a unique opportunity to bring world-class thinkers, advanced graduate students and development professionals in education financing together with state-of-the-art instruments for a five-day course, which is unprecedented in the field of education and development.