A well-educated and skilled population is a country’s greatest asset and a key instrument of socio-economic development. A decent education means improved life chances, including better health and earning potential, and the opportunity to make a positive contribution to society. In an age so dependent on information and communication technologies, illiteracy in any form is a serious barrier not just to knowledge but to social inclusion as well. Nevertheless, an estimated 61 million children globally do not get even a basic primary school education, of which half of them are in sub-Saharan Africa.
In working with its partner countries to help them overcome such barriers, OFID’s assistance helps fund:
In 2012, OFID’s contribution to education and knowledge transfer amounted to US$46.1m, the bulk of it (96.5%) in public sector lending.
The remaining US$1.6m comprised 18 small grants. In addition to conference sponsorship and grassroots initiatives, these included three sums of US$50,000, drawn under the OFID Scholarship Program to sponsor the graduate studies of winning applicants from Guatemala, Moldova and Zimbabwe.