The Education Outcomes Fund

Our Chief Programmes Officer, Miléna Castellnou, had the privilege of attending the Global Education Meeting 2024 convened by UNESCO in Fortaleza last week. 🇧🇷 It was wonderful to witness the growing interest in innovative financing. There was a real buzz around this subject in plenaries and the parallel session on Innovative Financing for Education during which Milena shared our experience and perspective on the role of Outcomes-Based Financing to achieve greater impact for children. Some take outs👇   ✅ The value-add of different innovative financing mechanisms is a conversation that lots of people want to have and it was good to see such a range of views expressed ✅ Some instruments are better suited to leverage more diverse sources of financing to address the huge financing gap to achieve SDG4, while others have a different role to play to ensure that existing and new funding leads to greater impact ✅ The #FortalezaDeclaration calls for investing more, more equitably and more efficiently in education – and perhaps we should also add ‘more effectively’! ✅ At EOF we’re very pleased to welcome the reference to #ResultsBasedFinancing and #SocialImpactBonds as innovative financing instruments for Governments to leverage It was also a pleasure to participate in the side event on Innovative Financing to Achieve Inclusive and Equitable Early Childhood Care and Education, which we co-convened together with UNESCO, UNICEF, OMEP WORLD and Early Childhood Development Action Network (ECDAN).   We look forward to continuing the conversation after all the inspiring conversations and bilateral meetings!   #SDG4 #LeadingSDG4 #OutcomesBasedFinancing #InnovativeFinance #GlobalEducation  

💰 Exploring the use of innovative finance in education 🏫 As the global education community gathers for the 2024 Global Education Meeting this week to assess progress on SDG4, a major focus will be on strategies to boost investment in education and scale innovative financing strategies. To support this effort, we’re resharing two blogs exploring the use of outcomes-based financing in education. These blogs capture insights from a learning group on innovative finance in education, co-facilitated by the Education Finance Network and The Education Outcomes Fund. Strengthening learning and knowledge sharing around innovative financing is essential to scaling the effective use of these tools, and we hope the blogs contribute to that conversation. See key messages below, and read the full blogs here: 📊 Piecing together the measurement puzzle: Experiences from Outcomes-Based Finance programs in education: https://lnkd.in/e-mNVzsq 🌄 Many paths up the mountain of strengthening systems through Outcomes-Based Finance: https://lnkd.in/evbiVF4u #LeadingSDG4 #EducationFinance #InnovativeFinance

As the global education community gathers for the 2024 Global Education Meeting this week to assess progress on SDG4, a major focus will be on strategies to boost investment in education and scale innovative financing strategies. To support this effort, we’re re-sharing two blogs exploring the use of outcomes-based financing in education. These blogs capture insights from a learning group on innovative finance in education, co-facilitated by the Education Finance Network and the Education Outcomes Fund. Strengthening learning and knowledge sharing around innovative financing is essential to scaling the effective use of these tools, and we hope the blogs contribute to that conversation. See key messages below, and read the full blogs here: Piecing together the measurement puzzle: Experiences from Outcomes-Based Finance programs in education: https://lnkd.in/eJDQjvEg Many paths up the mountain of strengthening systems through Outcomes-Based Finance: https://lnkd.in/ed4YFDRc #LeadingSDG4 #EducationFinance #InnovativeFinance #OBF4ECCE

🌎 Our Chief Programmes Officer Miléna Castellnou will be at this year's General Education Meeting on 31 Oct - 1 Nov, convened by UNESCO and held in Fortaleza 🇧🇷 Milena will be speaking at two sessions about the role of innovative finance and outcomes-based approaches to tackling the global learning crisis: 👉 Innovative Financing to Achieve Inclusive and Equitable Early Childhood Care and Education - Side Event, 1st November 13.30 - 14.30, Room B 👉 Innovative Financing for Education – Parallel Session 4.2, 1st November 15.00 - 16.30, Room 2 Looking forward to two days of rich discussion about how we can accelerate progress to achieving Sustainable Development Goal 4: Ensure inclusive and equitable quality education and promote lifelong learning for all. Early Childhood Development Action Network (ECDAN) UNICEF OMEP WORLD #LeadingSDG4 #InnovativeFinance #EducationFinance

📣Our Chief Operating Officer Max McCabe will be speaking at the FT Africa Summit tomorrow. Max will be joining the 17.20 BST panel on Unlocking Africa’s Potential – Building Successful Domestic Businesses. With 70% of 10 year olds in low – middle income countries unable to read and understand a simple text and two thirds of skills programmes having zero impact on unemployment, business as usual in education is not working. So Max will focus on the role of Outcomes-Based Financing in closing the education and skills gap. It’s a fantastic panel moderated by Andrew Hill, Senior Business Writer at the Financial Times and will also see contributions from👇 🗣 Mo Ibrahim, Founder and Chair of the Mo Ibrahim Foundation 🗣 Odile Renaud-Basso, President of the European Bank for Reconstruction and Development 🗣 Nieros Soerensen, Partner and Chief Operating Officer of Verod Capital Management 🗣 Moh Damush, CEO of Telecel Looking forward to a great discussion. #FTAfrica #OutcomesBasedFinancing #InnovativeFinance #Education #Skills https://lnkd.in/dcXxxbVw

This is a great read and such a valuable resource for anyone pondering the challenge of how to bridge the gap between needs and funding in the humanitarian system. We were pleased to contribute to the section on how Outcomes-Based Financing can play a part in the broader landscape of humanitarian impact finance. The Sierra Leone Education Innovation Challenge case study outlines how an outcomes based approach is enabling service providers to tackle low educational outcomes and contribute to national education objectives. It was great working with Maximilian Martin, Ph.D. on this. Congratulations on an outstanding report IMD Fundación ”la Caixa” #LombardOdierFoundation (Lombard Odier Group) HIFHUB - hosted by the Danish Red Cross #OutcomesBasedFinancing #OBF #InnovativeFinance #HumanitarianFinance #ImpactFinance https://lnkd.in/e_HVbqKu

"We are not competing with each other. We are competing against the status quo." – Amel Karboul, CEO of #EOF At EOF, proudly hosted within UNICEF, we are working alongside Education Cannot Wait (ECW), #GPE, and #IFFEd to transform global education. Together, we push for financing that reaches the most vulnerable, because education is a right, not a privilege. #UNGA79

We're excited to join our CEO Amel Karboul at Devex’s The Future Can’t Wait Summit during #UNGA79 for an important conversation on safeguarding the future for generations to come. 🌍 Don’t miss this session on Wednesday, September 25th, where global leaders including Henrietta Fore, Xiye Bastida, and Derek Walker will discuss key solutions for future well-being. ✨ Register now and be part of the conversation! #DevexEvent #EOF

The EOF team has arrived at #UNGA79! Our first stop is a High-Level Panel on #innovativefinance we are co-hosting this afternoon with Atlassian Foundation. Our CEO, Amel Karboul will moderate the session with esteemed speakers from The World Bank, GSG Impact, Government of Sierra Leone, Save the Children International and Oando Foundation who are at the forefront of scaling innovative financing mechanisms to transform and improve #education outcomes worldwide. 📚   Together, we'll tackle these BIG questions: 👉 What will it take to double the volume of innovative financing for education by 2030?   👉 What challenges and opportunities have emerged in the use of innovative finance models in education? 👉 What roles must public and private stakeholders fulfill to guarantee success?     Looking forward to a meaningful conversation! Sir Ronald Cohen, Hon. Min Conrad Sackey, Luis Benveniste, Susan Nicolai, Tonia Uduimoh

Excited to share the launch of the Evidence Hub on Government & Non-State Partnerships from Global Schools Forum! It offers useful resources for education leaders and policymakers working to build stronger partnerships within the non-state education sector. The Hub also features a case study on the Sierra Leone Education Innovation Challenge, EOF’s outcomes-based program developed in partnership with the government of #SierraLeone, and an EOF-authored policy brief on outcomes funds in #education.   Check it out for valuable insights! #Innovativefinance