Education’s Buy-Down Option
Last year was an important one for developing countries, if only because the world was reminded of the true value of education there. With the issue in the spotlight, new trends are gaining momentum, many of them merging with “innovative finance” – a concept much beloved by cash-strapped development policymakers and practitioners.
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WASHINGTON, DC – Last year was an important one for developing countries, if only because the world was reminded of the true value of education there. Indeed, Malala Yousafzai, the young Pakistani girl who spoke up for children’s right to go to school – even after surviving an assassination attempt by the Taliban – served poignant notice that not educating a child in the developing world is significantly more costly than doing so.