Technical paper: The urgency of financing education recovery: a call to action for children’s futures

This background paper outlines the scale and urgency of financing education for SDG4 in the post-COVID Asia-Pacific region. The paper focuses primarily on the public financing of education and it directly addresses three main questions: (i) What are the key issues and challenges for education finance in the Asia-Pacific? Situating public education financing within the broader contexts of human capital development and social sector spending; (ii) What has been the impact of COVID-19 on education finance? From the immediate economic and education system impacts to the longer-term effects linked to significant and inequitable learning loss; and finally (iii) What are the priority areas for action? The paper proposes five main recommendations to guide post-COVID recovery and the financing of more inclusive, efficient and resilient regional education systems. The paper includes a list of resources at the end to support the implementation of the recommendations.

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