Aid to education is declining, and aid to basic education fell by 20%
from 2009 to 2012 (Steer, 2014). Public spending on education is falling
short, with only 25% of countries spending the recommended 6% of gross
national product (GNP) to deliver quality education (Ibid.). A $38
billion funding gap remains in terms of providing good-quality basic and
lower-secondary education for all by 2015 (UNESCO, 2014). Given the
success of non-traditional financing in the health sector, the education
sector has started to explore its potential to see if it can provide
additional and alternative sources of finance to address some of the
This guide provides an overview of non-traditional financing and
outlines the sources of non-traditional finance. The guide also looks at
non-traditional financing instruments to raise funds, and the mechanisms
to use existing funds more effectively.
A 14-page extended executive summary is also appended.
Bellinger, A.; Fletcher, B. Topic Guide: Non-Traditional Financing for Education. EPS PEAKS, UK (2014) v + 74 pp.