Education Cannot Wait (ECW), the UN global fund for education in emergencies and protracted crises, has received $42 million in new funding from the LEGO Foundation, Germany and the US, said the fund.
The donors announced their decision during the high-level week of the UN General Assembly, with the LEGO Foundation offering $25 million, Germany 10 million euros ($9.7 million), and the US $7 million, Xinhua news agency reported.
The new funding catalyses much-needed support to address a global learning crisis where over 78 million crisis-impacted girls and boys are out of school, and nearly two-thirds of 10-year-olds are unable to read a simple text, said the ECW.
“Education is our investment in human beings and the human potential. So far we have only seen a glimpse of it. There are 222 million children out there that will allow us to see the full potential of humanity,” said ECW Director Yasmine Sherif.
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“We must unite to fully fund Education Cannot Wait and our strategic partners in mobilising $1.5 billion over the next four years,” the Director added.
Since its inception in 2016, the ECW and its strategic partners have mobilised more than $1.1 billion and directly supported nearly 7 million children and adolescents, according to the fund.
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