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UNESCO: Quality of education must go up

A lack of attention to education quality and a failure to reach the marginalized have contributed to a learning crisis that needs urgent attention, states Unesco in its latest Education for All Global Monitoring Report.

Worldwide, 250 million children – many of them from disadvantaged backgrounds – are not learning the basics, let alone the further skills they need to get decent work and lead fulfilling lives. According to Unesco, worldwide, 10 percent of investments in education is wasted as it is spent on low quality education.

Cordaid’s result-based financing method is designed to address this problem. The essence of RBF is a direct link between funding and results: contrary to traditional input financing systems, school managers receive their payments only after their input has been verified.

RBF introduces checks and balances, motivates staff, promotes entrepreneurship and involves private parties, governmental departments and agencies, as well as communities.

The system has already proved successful in healthcare and was endorsed by the World Bank.

Read more about our results-based financing in education in Bangladesh and DR Congo.

ENDS

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