Saudi Arabia has officially joined the Global Partnership for Education, injecting a substantial $38 million into the global education fund. The contribution, announced by Laura Frigenti, the fund’s CEO during the Human Capability Initiative in Riyadh, is set to fortify investments in the education sector of lower-income countries, aligning with the Kingdom’s commitment to fostering global education and preparing young generations for the evolving job market.
The Global Partnership for Education stands as the largest fund exclusively dedicated to enhancing the performance of the education sector in low-income and middle-income countries. With over 22 years of existence, the body, leveraging its own funds and external investments, has channelled approximately $11 billion into global education initiatives.
Laura Frigenti emphasized the extensive reach of the Global Partnership, operating in around 90 countries, including those facing fragile conditions. The partnership provides both technical assistance and financing to support governments in realigning and revitalizing the education sector.
Commending Saudi Arabia’s proactive stance, Frigenti acknowledged the Kingdom’s strategic interest in countries such as Yemen, Jordan, Lebanon, Egypt, Sudan, and others. The Saudi government’s emphasis on education and its understanding of its pivotal role in economic diversification were highlighted as key drivers for the partnership.
The partnership comes at a critical time when youth skills worldwide, particularly in the Middle East and North Africa region, face a significant gap with labor market needs. Youth unemployment, particularly among young women, poses a pressing challenge, reaching 25 percent across Arab states and 40 percent for young women.
In a joint commitment, the Global Partnership for Education and Saudi Arabia aim to collaboratively increase investments in education, recognizing it as a powerful catalyst for regional and global growth. This partnership is seen as a transformative force, empowering children with the skills essential for their growth and prosperity.
Expressing enthusiasm about Saudi Arabia officially joining the partnership, Frigenti underscored the unique case of the Kingdom, offering valuable experiences that could serve as a model for other nations. She stated, “Saudi being part of the partnership will actually be able to tell their story to the world.”
In conclusion, Frigenti acknowledged Saudi Arabia’s unique position with abundant resources, stating that while such massive investments may not be replicated on the same scale globally, the Kingdom’s focus and understanding of the connection between education and trajectory set by the government are valuable lessons applicable to many nations.