Workshop on Innovative Financing for Education in Zambia
Submitted by Wongani Grace Nkhoma on Thu, 08/01/2013 - 12:16
There is an on-going global effort to identify new ways of securing additional funds for development, particularly given the impact of the economic and financial crises on traditional donors. The concept of ‘innovative financing for development’ was first discussed during the UN Monterrey Conference on Financing for Development in 2002. Discussions intensified in the years after that as the international community realised that official development assistance (ODA) alone would not be enough to achieve internationally agreed goals for the reduction of poverty and the preservation of global public goods. So far, innovative financing efforts have been most successful in raising funds for the health sector and for projects linked to climate change and environmental protection. But the current global economic crisis is encouraging other sectors, such as education, to move beyond reliance on ODA and take a closer look at innovative ways to access long-term, predictable financing.
Internationally, several mechanisms are being proposed to raise additional funding for education including diaspora bonds, debt conversion development bonds, micron donations and others. Most of these debates however, are being led by the global north. In order to bring the discussion to the south and move the process forward in Southern Africa, the OSISA Education Programme – in collaboration with the Economic Justice Programme – is hosting a series of regional and national meetings to discuss both substance and the applicability of these mechanisms to the Southern African context as well as propose additional mechanisms that could work for the region. Following a regional workshop held in Johannesburg in December 2012, OSISA is hosting the first national workshop in Lusaka - Zambia on 9 August.
During this workshop participants will:
- Learn of and examine a number of the most promising innovative financing approaches that have been proposed – and in some cases tested on a limited basis;
- Discuss approaches that might be appropriate for use in Zambia and interventions required to facilitate their use; and,
- Draw up plans for mobilising interested parties in Zambia to support the implementation of innovative financing approaches and to develop new innovative financing ideas that can be channelled into regional/global discussions on the topic.
Participants will be drawn from both state and none-state actors and it is expected the participants will agree on mechanisms that can be tested in the country and identify actors to lead the processes.