New ADB-IFFEd partnership to unlock USD 500 million in concessional education financing in Asia-Pacific

Manila [Philippines], September 28 (ANI/WAM): The Asian Development Bank (ADB) has signed an agreement with the International Finance Facility for Education (IFFEd) that will enable at least USD 500 million in new concessional education funding for lower middle-income countries (LMICs) in Asia and the Pacific.

Under the financing partnership, IFFEd--a sovereign-backed Swiss foundation established in 2023 to invest in educ