16 billion dollars needed a year for education in poor countries
Lack of funding is stalling the global target on education for all by 2015, according to the United Nations.
16 billion dollars is required annually to meet education needs in low income countries but donors invested only 4.7 billion dollars in 2008.
Speaking at the start of the UN Economic and Social Council(ECOSOC) meeting in Geneva, UN Deputy Secretary General Asha Rose Migiro said although primary school enrolment has expanded dramatically, there was need to address the pervasive nature of poor quality education in rich and poor countries.
"Our immediate goals are to widen access, improve quality and harness the power of education to generate gains elsewhere on health, poverty, gender equality, the environment and all other Millennium Development Goals. Progress on education demands particular fortitude. Unlike investments in vaccines, which pay instant health dividends, education investments typically take years to mature. With resources stretched and budgets tight, political commitment will be tested more than ever. Together we can see the job through."
The United Nations Educational, Scientific and Cultural Organization (UNESCO) estimates that the number of children out of school will reach 73 million by 2015.