EFA Report Calls for private sector involvement in education, praises GBC-Ed

A new policy paper published by the Education for All Global Monitoring Report shows that while private-sector donations to education projects in the developing world are insufficient and poorly targeted, there is an opportunity for business leaders to work in conjunction with governments and civil society to ensure access to quality education for all children.
Entitled ‘Private sector should boost finance for education’ ­, the paper finds that the US$683 million donated by the private sector per year amounts to only five per cent of the total aid to education from donor nations through the OECD’s Development Assistance Committee. It also highlights that while health projects receive over half of awards granted by US foundations, education projects make up only eight per cent.
It also notes that some companies were not targeting countries with higher incidences of out-of-school children. Similarly, their focus on secondary education overlooks the 61 million children around the world who are not currently enrolled in primary education.
The paper makes three recommendations: increased transparency about the scale and purpose of commitments by private organizations to education; sustainable funding in the long-term; and increased co-ordination with the aims of the Education For All agenda.
In addition, the report highlights the critical role to be played by business leaders in improving access and quality of education. Pauline Rose, director of the EFA Global Monitoring Report, calls for a “high-profile supporter” from the private sector to encourage companies to get involved.
The Global Business Coalition for Education aims to fill this role.  The members of GBC-Ed are ahead of the curve, pooling their expertise, ideas, and resources in collaboration with governments and other partners to work for universal primary education by 2015.  Indeed, the report described us a “promising way forward” for working in conjunction with the goals of EFA. We are confident over the coming year that GBC-Ed’s success can be a catalyst for greater private-sector engagement with one of the most critical issues of our time. 
Click here to read the report.