Publication:
Education Finance Watch 2023

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dc.contributor.authorWorld Bank
dc.contributor.authorUNESCO
dc.date.accessioned2023-11-14T21:52:22Z
dc.date.available2023-11-14T21:52:22Z
dc.date.issued2023-11-14
dc.description.abstractThe Education Finance Watch (EFW) is a collaborative effort between the World Bank (WB), the Global Education Monitoring (GEM) Report, and the UNESCO Institute for Statistics (UIS). The EFW aims to provide an analysis of trends, patterns, and issues in education financing around the world. The EFW uses various sources of education, economic, and financial data from the World Bank, UIS, the International Monetary Fund (IMF), and the Organization for Economic Co-operation and Development (OECD). The first volume of the EFW report (EFW2021) documented continuously increased global education spending in absolute terms over the decade but indicated that the COVID-19 pandemic would interrupt this trend. EFW2022 shed light on the impact of COVID-19 on global education spending in 2020, the first year of the pandemic, and revealed that half the analyzed sample of countries reduced their annual education spending, in real terms. This year, the EFW2023 updates analyses on trends and patterns of education spending for the past 10 years, up to 2021, the second fiscal year after COVID-19. As a special theme of this year’s volume, the EFW2023 sheds light on changes in the school-age population and projects its fiscal implications for the upcoming ten years for selected countries. In 2021, low-income countries (LIC) increased year-on-year total education spending (a total of government, households, and development aid) in real terms. This increase was driven by an increase in government spending, which reached 50 percent of total education spending, while official development assistance (ODA) to LIC decreased both in absolute and relative terms.en
dc.identifierhttp://documents.worldbank.org/curated/en/099103123163755271/P17813506cd84f07a0b6be0c6ea576d59f8
dc.identifier.doi10.1596/40610
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/40610
dc.languageEnglish
dc.language.isoen
dc.publisherWashington DC, Paris
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectSCHOOL-AGE POPULATIONS
dc.subjectPANDEMIC LEARNING LOSS
dc.subjectCOVID-19 EDUCATIONAL IMPACT
dc.subjectBASIC EDUCATION AID DECLINE
dc.subjectEDUCATION FINANCE WATCH (EFW)
dc.subjectGOVERNMENT EDUCATION SPENDING DATA
dc.titleEducation Finance Watch 2023en
dc.typeWorking Paper
dspace.entity.typePublication
okr.crossref.titleEducation Finance Watch 2023
okr.date.disclosure2023-11-01
okr.date.lastmodified2023-11-01T00:00:00Zen
okr.doctypeReport
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099103123163755271/P17813506cd84f07a0b6be0c6ea576d59f8
okr.guid099103123163755271
okr.identifier.docmidP178135-6cd84fdf-d383-427a-b6be-c6ea576d59f8
okr.identifier.doihttp://dx.doi.org/10.1596/40610
okr.identifier.externaldocumentum34189282
okr.identifier.internaldocumentum34189282
okr.identifier.report185597
okr.import.id2298
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099103123163755271/pdf/P17813506cd84f07a0b6be0c6ea576d59f8.pdfen
okr.sectorPublic Administration - Education
okr.themeEducation,Human Development and Gender,Access to Education,Education Financing,Standards, Curriculum and Textbooks,Private Sector Delivery of Education,Education Governance, School-Based Management,Teachers
okr.topicEducation::Education Finance
okr.topicEducation::Education Sector Strategy and Lending
okr.topicMacroeconomics and Economic Growth::Development Economics & Aid Effectiveness
okr.unitEducation Global (HEDGE)
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