{"id":80396,"date":"2022-09-18T22:45:20","date_gmt":"2022-09-18T20:45:20","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=80396"},"modified":"2022-09-19T21:38:20","modified_gmt":"2022-09-19T19:38:20","slug":"un-chief-urges-injecting-more-money-into-educational-systems","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/un-chief-urges-injecting-more-money-into-educational-systems\/","title":{"rendered":"UN chief urges injecting more money into educational systems"},"content":{"rendered":"<p dir=\"ltr\" style=\"text-align: left;\">United Nations <a href=\"https:\/\/www.un.org\/sg\/\">Secretary-General Ant\u00f3nio Guterres<\/a> called for injecting more money into educational system as two-thirds of countries have cut their education budgets since the <a href=\"https:\/\/www.csregypt.com\/en\/fifa-who-launch-actogether-campaign-for-equitable-access-to-covid-19-vaccines\/\">COVID-19<\/a> pandemic began.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Education systems around the world need \u201cmore, not less money\u201d the UN chief told journalists on Saturday during a joint press stakeout on the\u00a0<a href=\"https:\/\/www.un.org\/en\/transforming-education-summit\">Transforming Education Summit<\/a>\u00a0and the International Finance Facility for Education.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">\u201cEducation is the building block for peaceful, prosperous, stable societies,\u201d he stressed.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">\u201cReducing investment virtually guarantees more serious crises further down the line\u201d.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">He argued that while wealthy countries can increase funding from domestic sources, many developing nations are being hit by the cost-of-living crisis.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">\u201cThey urgently need support for education,\u201d Guterres attested.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">He then spotlighted the role of the <a href=\"https:\/\/theirworld.org\/resources\/the-international-finance-facility-for-education\/\">International Finance Facility for Education (IFFEd)<\/a> to get financing to lower-middle-income countries \u2013 home to 700 million children who are out of school \u2013 and to the majority of the world\u2019s displaced and refugee children.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The UN chief told the media that the Facility is not a new fund, but a mechanism to increase the resources available to multilateral banks to provide low-cost education finance.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">\u201cIn time, we expect it to grow into a $10 billion facility to educate tomorrow\u2019s generation of young people,\u201d he said.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">\u201cIt will complement and work alongside existing tools, like the Global Partnership for Education, that provide grants and other assistance\u201d.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">\u201cI urge all international donors and philanthropic organizations to back it,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>United Nations Secretary-General Ant\u00f3nio Guterres called for injecting more money into educational system as two-thirds of countries have cut their education budgets since the COVID-19 pandemic began. Education systems around the world need \u201cmore, not less money\u201d the UN chief told journalists on Saturday during a joint press stakeout on the\u00a0Transforming Education Summit\u00a0and the International [&hellip;]<\/p>\n","protected":false},"author":410,"featured_media":80413,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6029,984],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UN chief urges injecting more money into educational systems - Csr Egypt<\/title>\n<meta name=\"description\" content=\"Guterres called for injecting more money into educational system as two-thirds of countries have cut their education budgets since the COVID-19 pandemic began.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/un-chief-urges-injecting-more-money-into-educational-systems\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UN chief urges injecting more money into educational systems - 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