IDB, Education Above All Foundation Launch $100 Million Facility For Education and Development
The Inter-American Development Bank (IDB) and the Education Above All (EAA) Foundation have renewed their partnership through 2030 with a shared commitment to reach out-of-school children and expand economic opportunities for youth across Latin America and the Caribbean. The new agreement aims to mobilise up to $100 million in joint financing over the next five years: $40 million in EAA Foundation grants supported by Qatar Fund For Development (QFFD) and $60 million in IDB loans.
The renewed framework will support countries in:
- Enrolling and retaining out-of-school children in primary education;
- Scaling access to post-secondary and vocational programs;
- Integrating nature and resilience skills in education in secondary schools.
- Creating employment and self-employment pathways for youth aged 18–35;
- Leveraging innovative financing tools and regional programs like ONE Caribbean to maximise impact.
"This partnership is about true impact—getting children back into school, improving the quality of education, and expanding access to jobs and skills training,” said IDB President Ilan Goldfajn. “It reflects our shared commitment to opportunity and long-term development in Latin America and the Caribbean.”
“This renewed partnership between EAA Foundation and IDB reinforces our shared commitment to ensure that every child and young person, regardless of their circumstances, has access to quality primary education and the skills they need to build a brighter future. By addressing systemic barriers to education and equipping youth with pathways to employment, we are investing in sustainable solutions that can empower entire communities,” said Mohammed Al Kubaisi, acting CEO of Education Above All Foundation.
Since 2019, the IDB and EAA Foundation have worked together to support the education of over 112,000 children in Haiti. The renewed framework agreement expands the scope of collaboration and deepens the focus on employability, resilience, and innovative partnerships.
For more information, contact EAA Media Specialists.
