The International Finance Facility for Education (IFFEd) is a public-philanthropic finance mechanism that supports education and skills development in lower-middle-income countries. The organisation aims to leverage donor commitments using an innovative financing mechanism and is based in Geneva, Switzerland.
Background The facility was launched in 2022 by UN Secretary-General António Guterres and Gordon Brown, the UN Special Envoy for Global Education, at the Transforming Education Summit. Karthik Krishnan was appointed founding chief executive officer and a board was established.
The concept for the IFFEd was initially proposed by the Education Commission in a 2016 report, The Learning Generation, which highlighted a worsening global learning and skills crisis. In 2018, the Facility received the endorsement of the G20 which recognised IFFEd as a significant innovation in finance development.
In 2026, IFFEd entered into a partnership with the World Bank and announced its first co-financed programme in Uzbekistan. The same year, IFFEd announced its first programme with the Asian Development Bank in India.
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