Islamic Development Bank and Dubai Cares commit $202.5 mln to Global Partnership for Education
JEDDAH, 6 April 2021 – The Islamic Development Bank and Dubai Cares, part of Mohammed Bin Rashid Al Maktoum Global Initiatives, today committed $202.5 million towards GPE’s 2021-2025 “Raise Your Hand” financing campaign, with the Islamic Development Bank pledging $200 million and Dubai Cares contributing $2.5 million.
The pledges – the first from the Middle East region – use innovative financing approaches to help transform education in lower-income countries.
The announcement was made at the Middle East launch of GPE’s Case for Investment, which calls on global leaders to pledge at least $5 billion towards education in 90 lower-income countries and territories. COVID-19 has hit vulnerable children in these countries especially hard, creating the biggest education emergency in recent history.
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