Clinton Global Initiative Highlights RESULTS/REF Commitment on Universal Basic Education

Washington, DC (September 26, 2008) — The RESULTS/RESULTS Educational Fund (REF) is very pleased to announce the selection of our Accelerating Universal Basic Education commitment at the Clinton Global Initiative (CGI). It was among the few to be highlighted at its annual meeting this week in New York City.

Strengthening Advocacy for an Improved Education Aid Architecture is a one-year $500,000 commitment by RESULTS/RESULTS Educational Fund and the Global AIDS Alliance to strengthen international advocacy in order to increase funding for and quality of basic education through the promotion of more effective and leveraged means of delivering basic education aid, particularly through a global education funding mechanism to provide the financial, human, and technical resources to scale up country-driven strategic education plans. This new global funding mechanism should build on the strengths of the existing Education for All - Fast Track Initiative (FTI) and improve its governance, function, and aid modalities to be more responsive, incorporate a wider range of stakeholders, and increase ownership of key partners, including UNICEF, UNESCO, bilateral donor agencies, and implementing country partners. Ultimately, we hope to create a Global Education Initiative that successfully fills the $11 billion annual financing gap, targets all out-of-school children, and operates through an independent, flexible, transparent, and effective coordination and financing mechanism.

Executive Director Joanne Carter attended the annual meeting and served as a facilitator for the education track of discussions and commitments. In this role, she helped to strategize with global leaders to create effective solutions to some of the world's most pressing education challenges.

The Clinton Global Initiative (CGI) is a non-partisan catalyst for action that brings together a community of global leaders from various backgrounds to devise and implement innovative solutions to some of the world's most pressing challenges. Since 2005, CGI members have made nearly 1,000 commitments valued at upwards of $30 billion to impact more than 200 million lives in over 150 countries.