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Why A New Strategy?The Bank Group has made substantial contributions to educational development around the world over the past 49 years.Since launching a project to build secondary schools in Tunisia in 1962, the Bank has invested $69 billion globally in education via more than 1,500 projects. The Bank’s financial support for education has risen over the decade since the MDGs were established, surging to more than $5 billion in 2010. Since 2001, when the International Finance Corporation (IFC) started to focus on the education sector, it has invested $500 million in 46 private education projects. The number of outof-school children of primary school age fell from 106 million in 1999 to 68 million in 2008.Gains in access to education have turned attention to the challenge of improving education quality and accelerating learning.
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