The $16 billion annual external funding gap to achieve basic education in low-income countries has widened. The latest stats by “Education for All Global Monitoring Report” of the United Nations Educational, Scientific and Cultural Organization (UNESCO) figure out that this gap has widened to $26 billion over the last three years.
Such widening of the external funding gap to achieve basic education in low-income countries by 2015 is can prove to be quite problematic in the future. Generally, this gap is known for leaving a huge impact on universal primary education which is the second Millennium Development Goal.
These statistics are released in "Making Education for All Affordable by 2015 and Beyond” which is the policy paper released ahead of a decisive global consultation on education in the post-2015 development agenda in Dakar, Senegal on March 18-19. The main reason for the $10 billion increase in the funding gap, as reveals the report, is declining aid (hardly $3 billion annually) to basic education in low-income countries.
UNESCO, however, is hopeful towards the matter and thinks that it is possible to raise the resources needed to enroll every child in school by 2015. To make it happen, believes Irina Bokova, director general of UNESCO, governments, world leaders and donors will have to prioritize education and the needy.