The Global Partnership for Education AND the Islamic Development Bank Celebrate Innovative Financing and Pledge AN ADDITIONAL $350 million to End THE Education Crisis

RIYADH, WASHINGTON D.C., APRIL 28, 2024 – During its 2024 Annual Meetings and Golden Jubilee Celebration, the Islamic Development Bank (IsDB), the Arab Coordination Group (ACG) and the Saudi Fund for Development (SFD), joined the Global Partnership for Education (GPE) in celebrating the success of SmartEd, an innovative financing instrument that has mobilized US$500 million for education initiatives. Building on this success, the partners pledged an additional $350 million towards SmartEd: $150 million from the Islamic Development Bank, $100 million from the Arab Bank for Economic Development in Africa (BADEA), $50 million from the Islamic Solidarity Fund and $50 million from GPE.
Continue reading The Global Partnership for Education AND the Islamic Development Bank Celebrate Innovative Financing and Pledge AN ADDITIONAL $350 million to End THE Education Crisis


