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Sustainable Solution to Finance Education in Developing World: Education Development Bank

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posted on 2023-11-29, 03:47 authored by Farah Naz, Muhammad Ahmed Farooqui, Ishaq BhattiIshaq Bhatti
This study aims to identify a sustainable financing solution for developing the education sector in low-income countries. The United Nations underlines education as a means to achieve sustainable development in its fourth Sustainable Development Goal. Quality education can be crucial in bringing about global peace and prosperity by improving human capital and producing future leaders capable of efficient problem-solving and social transformation. However, imparting quality education is difficult when adequate resources and revenue are lacking. In this respect, the education sectors of most developing countries are resource-constrained, and thus, cannot achieve the fourth sustainable development goal by 2030. To address these confronting challenges, our study proposes the formation of an “Education Development Bank”, particularly in developing countries. It asserts that an independent corporation may provide sustainable financing solutions to bolster the education sector and related organizations. It analyses the data of various developing countries from 1975 to 2021. This proposal has implications for policy formulation for governments that value global peace and for United Nations guidelines.

History

Publication Date

2023-06-30

Journal

JISR Management and Social Sciences & Economics

Volume

21

Issue

2

Pagination

(p. 22-40)

Publisher

Shaheed Zulfiqar Ali Bhutto Institute of Science and Technology

ISSN

2616-7476

Rights Statement

© 2023 Farah Naz, Muhammad Ahmed Farooqui, M. Ishaq Bhatti This work is licensed under a Creative Commons Attribution 4.0 International License.

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