The Education Finance Watch (EFW) is a collaborative effort between the World Bank, the Global Education Monitoring (GEM) Report, and the UNESCO Institute for Statistics (UIS). The EFW aims to provide a global analysis of trends, patterns, and issues in education financing. It uses various sources of education, economic, and financial data from the World Bank, the UIS, the International Monetary Fund (IMF), and the Organisation of Economic Co-operation and Development (OECD). The EFW2023 updated the analysis of trends and patterns in education expenditure over the past decade up to 2021. It also shed light on changes in the schoolage population and projected their impact on public finances over the next decade for selected countries. This special edition of the EFW2023 extracts its findings on Africa, marking the declaration of 2024 as the African Union (AU) Year of Education and aiming to provide information to ministers of finance and education. Where possible, the data are disaggregated by each Regional Economic Community (REC) and by each AU regional group.
