UN Envoy, Ibrahim seeks global debt-for-education swap at Paris UNESCO conference
According to a statement issued by his media office in New York, Ambassador Ibrahim made the proposal at the UNESCO Conference on System Transformation and Resilience for Sustainable Development Goal 4 (SDG 4) in Paris, France, where global leaders gathered to explore sustainable financing for quality education.
UNESCO has warned that 113 countries now spend more on debt servicing than on education, while global development assistance for education is projected to decline significantly between 2023 and 2027, further widening the financing gap confronting developing nations.
Nigeria’s Permanent Representative to the United Nations, Ambassador Jimoh Ibrahim , has called for a bold global debt-for-education swap initiative to enable developing countries invest more in education without undermining their debt obligations.
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