The Washington Post – Emma Brown
“The World Bank is betting that it can help speed the improvement of public education around the world by doubling down on “results-based financing”: Countries get money only if they show that they are able to meet agreed-upon performance targets. The bank announced Monday that it will invest $5 billion in such arrangements over the next five years, twice as much as it has spent on results-based financing in education over the past five years. The announcement comes as more than 160 countries meet in South Korea this week to hammer out goals for improving education over the next 15 years, particularly in impoverished communities.”(more)