Home / UN Education Fund Acquires $42 million From Contributors

UN Education Fund Acquires $42 million From Contributors
Xinhua news agency reported that the donors declared their decision during the high-level week of the UN General Assembly, with the LEGO Foundation proposing $25 million, Germany 10 million euros ($9.7 million), and the US $7 million.

by Pragti Sharma / 26 Sep 2022 12:09 PM IST / 0 Comment(s) / 232

Image Courtesy : www.un.org



ECW- Education Cannot Wait, the fund said the UN global fund for education in emergencies and protracted crises received $42 million in new funding from the LEGO Foundation, Germany, and the US.



Xinhua news agency reported that the donors declared their decision during the high-level week of the UN General Assembly, with the LEGO Foundation proposing $25 million, Germany 10 million euros ($9.7 million), and the US $7 million.



ECW- Education Cannot Wait said the new funding catalyses much-needed aid to manage a global learning crisis where more than 78 million crisis-impacted girls and boys are out of school, and about two-thirds of 10-year-olds are unable to read a simple text.



The Director added we must join hands to fully fund Education Cannot Wait (ECW) and our strategic partners in mobilising $1.5 billion over the next four years.



According to the fund, since its beginning in 2016, the ECW and its strategic partners have marshaled more than $1.1 billion and instantly supported nearly 7 million children and adolescents.



News Source: The Siasat Daily


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