Debt swaps for financing education: Exploration of new funding resources

Ito, Hiroshi; Sekiguchi, Ryosuke; Yamawake, Toshiyuki

doi:10.1080/23322039.2018.1563025

Cited by 6 publications

(8 citation statements)

References 11 publications

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“…Spain has also undertaken education swaps with several countries including Ecuador, Honduras, and El Salvador. These and other examples of education swaps are discussed by Ito, Sekiguchi, and Yamawake (2018), who argues for the feasibility of debt‐for‐education swaps to support the SDGs, subject to conditions such as the swap size should be large enough to make impact on the macroeconomy of the debtor country, and creditor countries should monitor how the funding is spent while respecting the autonomy and ownership of debtor countries in development projects.…”

Section: Where To Now?mentioning

confidence: 99%

Alleviating debt distress and advancing the sustainable development goals

Keane

2021

Sustainable Development

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External debt levels will be unprecedented in 2021—in this last decade of action to secure the sustainable development goals (SDGs)—and mostly in distress for low‐income‐developing countries (LIDC) and least developed countries (LDCs). However, increased levels of debt distress were on the horizon even before the dire economic effects of COVID‐19. These high levels of external debt and a decreasing inability to access international capital were already expected to impede the advancement of the SDGs; the situation has become far graver because of the Great Lockdown and efforts to stymie transmission of COVID‐19. The international community faces perhaps its greatest challenge: it must alleviate poor countries debt burdens exacerbated by COVID‐19 to effectively combat its spread, but there is no consensus as to how to achieve this. Though there is no historical parallel to the current debt crisis, the heavily indebted poor country initiative (HIPC) suggests debt relief alone will be insufficient to keep the SDGs on track. While the challenges that arise with regards to the scaling up of debt swap initiatives—learned from previous efforts—are formidable, this article provides critical reflection as to their effective operationalization within the current context: responding to the economic and social devastation wrought by COVID‐19 and keeping the SDGs on track. It shows how debt swaps can be effectively deployed as part of a revitalized global partnership for development, for the advancement of the SDGs and broader debt sustainability.

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Section: Where To Now?mentioning

confidence: 99%

Alleviating debt distress and advancing the sustainable development goals

Keane

2021

Sustainable Development

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“…Considering all this, the public interest in the efficiency of utilizing public resources is growing, and the ratio of price and quality of educational services is of particular interest (Meričková et al, 2020). Researchers are conducting studies on the possibilities of creating and implementing innovative mechanisms for financing education (Yahya & Hildayanti, 2020), which would improve the quality of education (Ito et al, 2018).…”

Section: Literature Reviewmentioning

confidence: 99%

School Education Financing in the Context of Decentralization: Cases of Ukraine

Tereshchenko

Londar²,

Gapon³

et al. 2022

RREM

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The article explores the issues of school education financing in the context of decentralization in Ukraine. School education in Ukraine is funded from different sources. About a third of the total education budget consists of the education subvention for teachers' salaries, which is an inter-budget transfer from the state budget to local budgets. For the purpose of our research, we selected a network of schools in the Zaporizhia region of Ukraine and its financing for the period of 2014-2021. This region is typical, plain, and without significant geographical features (unlike, for example, areas with mountainous or inaccessible areas). To identify the framework of financing school education in Ukraine within the decentralization process, we utilized methods of empirical analysis of statistical indicators, as well simulation to assess the relationship between a number of indicators such as the number of students in the school, class size and the average costs of education per student using educational subvention. The purpose is to determine opportunities to increase the efficiency of budget expenditures on education. Our analysis of the use of educational subvention funds by the different types of local budgets shows that the schools financed from city budgets use these funds with the most efficiency. The schools funded from regional budgets and district budgets use the funds with the least efficiency. Our research is very valuable for improving theoretical and empirical aspects of the calculation of the projected amount of the educational subvention, as well as for the optimization of the school network.

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“…Compared to previous decades, however, debt-fornature swaps seemed loosing favour during the 2000s -a trend attributed by some to the stronger world economy and to the impacts of debt restructuring and debt forgiveness programmes of the 1980s and 1990s, and by others to the concerns of creditor countries that suffered from the global financial crisis including the United States, European Union and Japan (Ito et al, 2018;Sheikh, 2018).…”

Section: (B) Nature-based Swaps and Fundsmentioning

confidence: 99%

Escalation of global risks and threats in a pandemic condition: financial and macroeconomic aspects

PANFILOVA¹

2021

Fìnansi Ukr.

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Potentially threatening phenomena on the way to stabilizing and overcoming depressive trends in the global economy in the medium and long term in the context of the COVID-19 pandemic have been identified and systematized, taking into account the identification of areas of global risk. The reformatting of the global socio-economic landscape is substantiated, which is determined by the course of the pandemic, the different rates of decline and recovery of the economic growth in general and in individual industries, the destabilization of public finances, the exacerbation of social protection problems. This is confirmed by the dynamics of international trade in goods and services, the aggravation of the global debt problem. Emphasis is placed on the need to form in each country the anti-crisis potential on a scientifically sound basis in order to counter external and internal threats and stimulate sustainable socio-economic development.

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Debt swaps for financing education: Exploration of new funding resources

Cited by 6 publications

References 11 publications

Alleviating debt distress and advancing the sustainable development goals

Alleviating debt distress and advancing the sustainable development goals

School Education Financing in the Context of Decentralization: Cases of Ukraine

Escalation of global risks and threats in a pandemic condition: financial and macroeconomic aspects

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