What is the FTI Resource mobilization and replenishment strategy?
The EFA FTI Partnership has stressed repeatedly over the last couple of years the importance of more sustainable and predictable financing for basic education in low-income countries. The Task Team on FTI Replenishment emphasized the need to establish more long-term and additional financing for endorsed FTI partner countries than currently the case. In their 2009 summit communiqué, G8 leaders singled out the replenishment of EFA FTI as a priority investment for sustainable development and economic growth. The FTI Task Team in its report defined two phases of a resource mobilization for the EFA FTI: • The first phase filling the immediate US$1.2 billion financing shortfall for the FTI trust funds covering the 18-months period from June 2009 to December 2010. • The second phase covering the overall financing needs of FTI endorsed and candidate countries in the period 2011 until the ‘deadline’ of the MDGs in 2015. Consequently, the resource mobilization for EFA FTI was announced at the FT
