way to drive results
Our aim is to promote inclusive quality education in Africa and the Middle East by using results-based finance to strengthen national education systems.
AN INITIATIVE OF
Who we are
The Education Outcomes Fund for Africa and the Middle East (EOF) is an initiative of the Global Steering Group for Impact Investment (GSG) and the Education Commission. Our team brings together world leaders in education, impact investing, and innovative finance.
What we do
Together with government, we fund innovative education and youth employment readiness programs, and help improve their effectiveness.
Rather than the traditional model of paying for programs up front – based on the number of students reached or learning materials purchased – we incentivize success by paying for the learning and employment results those programs deliver, once they're achieved.
SET LEARNING OBJECTIVES
We work with governments to set learning objectives and determine how results will be measured.
We incentivize a broad set of crucial skills essential for young people to succeed in the 21st Century.
SELECT & SUPPORT
Together with government, we partner with education organizations to achieve the agreed learning outcomes and strengthen education systems.
We help mobilize upfront funding from impact investors to help the organizations deliver.
Throughout, we support the organizations to use data, strengthen their capabilities, and adapt their approach, based on what works.
PAY FOR RESULTS
From a pool of public funds, aid, philanthropy, and corporate CSR contributions, we repay investors and delivering organizations their initial investment plus a return if the learning objectives are reached.
By making payments based on independently verified learning and employment results, we ensure that resources only go to programs that work.
Connect with us
Nothing less than an Impact Revolution will enable us to achieve solutions at scale that can improve billions of lives
Sir Ronald Cohen, EOF Chair
Who we work with
The Education Commission releases “The Learning Generation,” which warns that half the world’s children will be failing to learn by 2030 and calls for more effective funding for global education
The Education Commission and the Global Steering Group for Impact Investment come together to design an outcomes fund for education, led by Her Excellency Dr. Amel Karboul as CEO
EOF is showcased at WISE, the Africa CEO Forum, the Brookings Institution, and The Oxford Blavatnik School of Government
Launch of EOF fundraising is announced at GSG’s Impact Summit in India
EOF to shift from design to mobilization and launch first program(s), for proof of concept of large scale outcomes funds