International Financing Facility for Education

Foreign, Commonwealth and Development Office written question – answered on 28th April 2021.

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Photo of Marion Fellows Marion Fellows SNP Whip, Shadow SNP Spokesperson (Disabilities)

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what his Department's plans are for the International Finance Facility for Education (IFFEd) initiative; and what proportion of the £300 million the UK committed to IFFEd in 2019 has been spent to date.

Photo of Wendy Morton Wendy Morton Parliamentary Under-Secretary (Foreign, Commonwealth and Development Office)

We are committed to innovative means of aid financing that provide financial leverage for every pound of UK Official Development Assistance (ODA) in education. The International Finance Facility for Education (IFFEd) is such a mechanism - that is why the Prime Minister committed £300 million towards IFFEd at the UN General Assembly in September 2019, consisting of £100 million in grant funding, and £200 million in paid-in cash and guarantees.

We await sufficient interest from other donor countries to share the fiduciary risk of this promising innovation.

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