Support to establish an International Finance Facility for Education (IFFEd) SEED Funding
Description
This programme will provide seed funding to establish a new financing mechanism for global education – the International Finance Facility for Education (IFFEd). IFFEd will increase the supply and demand for education finance for Lower-Middle Income Countries (LMICs), through a combination of sovereign guarantees and grants, working through the Multilateral Development Banks (MDBs). This small initial programme will enable IFFEd to start operations as an independent, legal, and operational entity, ready to receive guarantees and grants, and work with partner governments and MDBs to agree substantial lending for education.
Location
The country, countries or regions that benefit from this Programme.
Status Completion
The current stage of the Programme, consistent with the International Aid Transparency Initiative's (IATI) classifications.
Programme Spend
Programme budget and spend to date, as per the amounts loaded in financial system(s), and for which procurement has been finalised.
Participating Organisation(s)
Help with participating organisations
Accountable:Organisation responsible for oversight of the activity
Extending: Organisation that manages the budget on behalf of the funding organisation.
Funding: Organisation which provides funds.
Implementing: Organisations implementing the activity.
- Accountable
- Funding
- Implementing
Sectors
Sector groups as a percentage of total Programme budget according to the OECD Development Assistance Committee (DAC) classifications.
Budget
A comparison across financial years of forecast budget and spend to date on the Programme.
Policy Marker(s)
ODA measures in relation to their realisation of OECD development policy objectives