The Impact of the COVID-19 Pandemic on Education Financing

Al-Samarrai, Samer; Gangwar, Maulshree; Gala, Priyal

doi:10.1596/33739

Policy Note

The Impact of the COVID-19 Pandemic on Education Financing

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Published

2020-05

Author(s)

Al-Samarrai, Samer

Gangwar, Maulshree

Gala, Priyal

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Abstract

The brief identifies the ways in which the COVID-19 (coronavirus) pandemic is likely to affect the availability of funding for education. It summarizes evidence on the negative impact that the pandemic is likely to have on education financing and identifies some policy responses to mitigate this impact.

Citation

“Al-Samarrai, Samer; Gangwar, Maulshree; Gala, Priyal. 2020. The Impact of the COVID-19 Pandemic on Education Financing. Economic Impact of COVID-19. World Bank, Washington, DC. © World Bank. https://openknowledge.worldbank.org/handle/10986/33739 License: CC BY 3.0 IGO.”

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http://hdl.handle.net/10986/33739

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Policy Notes

World Development Report 2021 : Data for Better Lives

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Today’s unprecedented growth of data and their ubiquity in our lives are signs that the data revolution is transforming the world. And yet much of the value of data remains untapped. Data collected for one purpose have the potential to generate economic and social value in applications far beyond those originally anticipated. But many barriers stand in the way, ranging from misaligned incentives and incompatible data systems to a fundamental lack of trust. World Development Report 2021: Data for Better Lives explores the tremendous potential of ...

Today’s unprecedented growth of data and their ubiquity in our lives are signs that the data revolution is transforming the world. And yet much of the value of data remains untapped. Data collected for one purpose have the potential to generate economic and social value in applications far beyond those originally anticipated. But many barriers stand in the way, ranging from misaligned incentives and incomp ...
Africa's Pulse, No. 22, October 2020 : An Analysis of Issues Shaping Africa’s Economic Future

Zeufack, Albert G.; Calderon, Cesar; Kambou, Gerard; Kubota, Megumi; Cantu Canales, Catalina; Korman, Vijdan (2020-10-07)

COVID-19 has taken a large toll on economic activity in Sub-Saharan Africa, putting a decade of hard-won economic progress at risk. The pandemic is pushing the region into its first recession in 25 years. In 2020, GDP per capita is expected to contract by 6.5 percent in Sub-Saharan Africa and by the end of 2021, it’s likely to have regressed back to its 2007’s level. As a consequence, COVID-19 could push up to 43 million people into extreme poverty in Africa, erasing at least five years of progress in fighting poverty. The road to recovery will be long, steep, and must be paved with sound economic policies. Countries need to reconstitute fiscal space to help finance programs that can stimulate recovery. Better debt transparency and management, better service delivery, civil society engagement and less corruption will be critical. Ultimately, sustained recovery will depend on how fast African countries prioritize policy actions and investment that address the challenge of creating more, better and inclusive jobs. These policy priorities, in turn, operate through three critical (an ...

COVID-19 has taken a large toll on economic activity in Sub-Saharan Africa, putting a decade of hard-won economic progress at risk. The pandemic is pushing the region into its first recession in 25 years. In 2020, GDP per capita is expected to contract by 6.5 percent in Sub-Saharan Africa and by the end of 2021, it’s likely to have regressed back to its 2007’s level. As a consequence, COVID-19 could push up to 43 million people into extreme poverty in Africa, erasing at least five years of progress in fighting poverty. The road to recovery will ...

COVID-19 has taken a large toll on economic activity in Sub-Saharan Africa, putting a decade of hard-won economic progress at risk. The pandemic is pushing the region into its first recession in 25 years. In 2020, GDP per capita is expected to contract by 6.5 percent in Sub-Saharan Africa and by the end of 2021, it’s likely to have regressed back to its 2007’s level. As a consequence, COVID-19 could push up ...
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World Bank (2021-06-08)

The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominently among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies.

The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality ...

The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price ...

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The Impact of the COVID-19 Pandemic on Education Financing

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World Development Report 2021 : Data for Better Lives

Africa's Pulse, No. 22, October 2020 : An Analysis of Issues Shaping Africa’s Economic Future

Global Economic Prospects, June 2021

Local Governance and Education Performance : A Survey of the Quality of Local Education governance in 50 Indonesian Districts

The Role of Intergovernmental Fiscal Transfers in Improving Education Outcomes

Mobilizing Resources for Education and Improving Spending Effectiveness : Establishing Realistic Benchmarks Based on Past Trends

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The Impact of the COVID-19 Pandemic on Education Financing

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World Development Report 2021 : Data for Better Lives

Africa's Pulse, No. 22, October 2020 : An Analysis of Issues Shaping Africa’s Economic Future

Global Economic Prospects, June 2021

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