WEF Human Capital Report highlights need for massive increase in funding for public education

Commenting on the World Economic Forum’s Human Capital Report which reveals that a failure of governments to invest in education and lifetime learning is a major driver of inequality, Max Lawson, Head of Policy for Oxfam’s Even It Up Campaign said:

“The Human Capital Report demonstrates the need for a massive increase in funding for public education – particularly in the world’s poorest countries - to stop the growing gap between rich and poor and build a workforce that is fit for the future.  Instead of private schooling for the rich, we need public education for all.

“Ensuring every child can access good quality public education through to secondary school level will cost an additional US$39 billion a year between 2015-2030.  This is a quarter of the tax dodged each year in poor countries by big corporations and wealthy individuals.  It is possible to find this money, and get every young person a good education.’

 

Notes to editors: 

The World Economic Forum’s Human Capital Report is available here 

According to UNESCO’s Education For All Global Monitoring Report there is an annual -financing gap of US$39 billion over 2015-2030 for reaching universal pre-primary, primary and secondary education of good quality in low and lower middle income countries

Contact information: 

Anna Ratliff:  anna.ratcliff@oxfam.org or +44 7796993288 or @ratcliff_anna