IFFEd (International Finance Facility for Education)
IFFEd funds large-scale, evidence-based education and skills development projects in lower-middle-income countries by leveraging innovative finance to close the global education gap.
Funder: Jacobs Foundation
Due Dates: Rolling (proposals/investment cases accepted year-round)
Funding Amounts: $1.5 billion+ total; individual project sizes vary; up to $10 billion by 2030 projected
Summary: Supports large-scale, evidence-based education and skills development projects in lower-middle-income countries, leveraging innovative finance to close the global education gap.
Key Information: Funding is directed primarily to governments and national-level projects in eligible countries via multilateral development banks.
Description
The International Finance Facility for Education (IFFEd) is a major global education financing initiative supported by the Jacobs Foundation and other partners. IFFEd aims to address the vast education funding gap in lower-middle-income countries (LMICs) by mobilizing donor guarantees, grants, and innovative financial instruments in partnership with multilateral development banks. The facility focuses on supporting national-scale, evidence-based interventions that improve educational outcomes for children and youth, particularly in countries that are underserved by traditional grant mechanisms but cannot afford standard loans.
IFFEd's initial $1.5 billion commitment targets countries in Asia and the Pacific, with expansion plans for Africa and other regions. The initiative is designed to unlock up to $10 billion in additional education financing by 2030, helping countries advance toward Sustainable Development Goal 4 (SDG 4) on quality education and lifelong learning.
