IsDB commits $200m to Global Partnership for Education
The Islamic Development Bank (IsDB) and Dubai Cares, part of Mohammed Bin Rashid Al Maktoum Global Initiatives, have committed $202.5 million towards Global Partnership for Education's 2021-2025 “Raise Your Hand” financing campaign. The IsDB pledged $200 million in concessional loans to boost lower-income country access to finance for education.
The contribution represents half of the total $400 million sought from the Arab Coordination Group, a grouping of Arab financial development institutions.
Fully funded, GPE’s support would enable 175 million primary-age children to learn; reach 140 million students with professionally trained teachers; get 88 million more children in school, more than half of them girls; and save $16 billion through more efficient spending.
