According to the 2018 UNESCO Policy paper of May 2018 entitled “Aid to Education, a return to Growth?”, financial aid to education recorded a 16% increase between 2015 and 2016 with aid to basic education accounting for two third of this increase. This was a remarkable increase to basic education from US$5.1 billion in 2015 to US$6 billion in 2016, the largest since records began according to the paper. This increase came from DAC member countries, non DAC member countries notably United Arab Emirates (UAE), multilateral donors such as World Bank and European Institutions. The United States of America and The United Kingdom remain the largest bilateral DAC donor to basic education.
Financial Aid to secondary education also marked an increased but not as large as basic education. Aid to secondary education also marked its highest increased since 2002 increasing by 15% to reach US$2.6 billion. The top two DAC country donors to secondary education are The United Kingdom and Germany. As in the case of basic education, United Arab Emirates remain the largest non DAC donor country to secondary education. The World Bank, Asian Development Bank and European Institutions are the largest multilateral donors. France and Germany are the largest donors to post-secondary education.
It is a welcome development that there is a new global fund on education with a focus on countries in emergencies – Education Cannot Wait. Children who are caught up in conflicts and wars can get a chance to receive education alongside other humanitarian relief efforts. As this is a report based on 2015 – 2016 data, before the election of Donald Trump as the President of the United States of America, it is sincerely hoped that the USA continues to fulfill its financial commitments to education and other development programmes.