A School Report on Rich Countries’ Contribution to Universal Primary Education by 2015

Published: 18 September 2006

Global Campaign for Education – When rich countries established the Education for All Fast Track Initiative (FTI) in 2002, they promised to fund all poor countries with viable education plans. So far 20 poor countries have had their plans approved, but are still waiting for donors to provide the money. Next year the FTI projects a shortfall of $610 million. Fulfilling this funding gap is the first step. The second step is for countries to remove the caps placed on public spending by IMF conditionalities. Governments must resolve the contradiction between IMF policies which prevent them from scaling up spending on education and hiring more trained teachers, the report also notes.