Public financing of education systems and economic growth in underdeveloped countries: a case study of West African Monetary and Economic Union (WAME…

2008

At the World Education Forum of Dakar in 2000, international aid institutions committed to massive financial aid to the educational systems in developing countries because these sectors' performed poorly during the 1990s. These international aid institutions promised that no country that demonstrated a serious commitment for education, especially primary education, would lack financial resources. Participants in the forum stressed the necessity for governments to work toward the goal of primary education for all. Implementing the funding strategies that the Dakar commitment called for may have a negative impact on those developing countries. Using West African Monetary and Economic Union (W…