HC Deb 27 March 2003 vol 402 cc331-2W
19. Jim Dobbin

To ask the Chancellor of the Exchequer what assessment he has made of the impact of his proposed International Finance Facility on education in developing countries. [105168]

John Healey

The proposed International Finance Facility would seek to double aid for the world's poorest countries from $50 billion a year today to $100 billion a year up to 2015. It is designed specifically to help provide the additional finance needed to meet the internationally agreed Millennium Development Goals (MDGs).

This includes the goal of achieving universal primary education for all by 2015. Best available estimates suggest that achieving this would require around $10 billion more each year to be spent on education. The IFF would seek to provide this and the further finance needed to meet all the MDGs.

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