The debt and education series explores how the global debt crisis is constraining fiscal space and forcing governments to divert resources away from education and other essential services. It highlights the need to align debt solutions with human development priorities, such as education, health and climate.
To support practical action, UNESCO explored debt-for-education swaps as a potential, complementary innovative financing tool to help unlock predictable, multi-year funding for education. The research has resulted in a set of guidelines that can support policymakers and development partners to implement debt swaps, building on lessons learned from case studies. The work is further backed by policy papers that delve into the debt…