In September 2010, World Bank President Robert Zoellick pledged that the Bank would commit an additional $750 million in financing for basic education over five years from the International Development Association (IDA), to help the poorest countries accelerate progress toward the 2015 Millennium Development Goals (MDGs) for Education. In November 2011, the Bank reaffirmed this commitment at the Global Partnership for Education pledging conference in Copenhagen.
The total amount of new IDA commitments for basic education in FY12, $1,502 million, exceeds recent past levels, including the unprecedented highs in FY09 and FY10, bringing us more than halfway toward fulfilling our pledge. Based on current projections for FY13, we expect to make continued progress toward the pledge. We are closely monitoring this progress and will be providing quarterly updates on this site.
World Bank Pledge for Education MDGs -- Progress to Date
FY00 |
FY01 |
FY02 |
FY03 |
FY04 |
FY05 |
FY06 |
FY07 |
FY08 |
FY09 |
FY10 |
FY11 |
FY12 |
Estimated FY13 |
|
IDA to Basic Education |
344 |
369 |
391 |
637 |
946 |
586 |
650 |
804 |
933 |
1,290 |
1,213 |
403 |
1,502 |
1,172 |
Yearly progress to pledge (baseline: $742 million) |
(339) |
760 |
430 |
|||||||||||
Cumulative progress to pledge |
(339) |
421 |
851 |
|||||||||||
% left to reach pledge |
145% |
44% |
0% |
|||||||||||
Amount left to pledge |
1,089 |
329 |
||||||||||||
* Estimates for FY13 based on pipeline lending as of July 13, 2012
[Notes]
- World Bank lending is reported by Fiscal Year (FY). The World Bank's Fiscal Year (FY) starts on July 1st and ends on June 30th of each year.
- FY12 - 100% of the India Secondary Education Project (P118445) supports lower secondary education as outlined in the Project Appraisal Document for this project.
