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Malala to urge world leaders for $ 39 billion investment in education at Oslo summit

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OSLO: Oslo Education Summit is going to start tomorrow where all the heads of state and education ministers gather and student activist, Malala Yousafzai is going to urge the world leaders to have some more investment in the education sector to provide 12 years of free education to every child of the world.

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Malala will speak tomorrow in the summit and will ask for an investment of $ 39 billion to make this dream, to provide free education to every child, into reality. Malala is attending this summit for the first time since she received Nobel Prize in 2004.

In May 2015, ministers from over 100 countries signed on to the Incheon Declaration in Korea, committing to provide free primary and secondary education to all children by 2030.

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To guarantee 12 years of universal free education will cost an estimated $ 340 billion per year till 2020. The current funding shortfall is $ 39 billion – equivalent to just eight days of global military spending.

In a paper published for the Oslo Education Summit, the Malala Fund presents clear recommendations for governments to finance full primary and secondary education for all children by 2030.

The paper also urges the governments to increase the size of their often-low education budgets. Low and lower-middle income countries need to allocate a minimum of 20 % of their national budgets to education. The current percentage is just 15.

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