This policy paper provides analysis showing that if governments and donors make concerted efforts to meet the promises they made in 2000, basic education for all could be achieved by 2015.

This paper intends to demonstrate the International Monetary Fund’s (IMF) role in constraining countries from increasing public expenditure in education to meet the Education For All (EFA) goals and the education-related Millennium Development Goals (MDGs). The findings are based on research and country case studies undertaken by ActionAid International offices in Guatemala, Bangladesh, India, Cameroon, Ethiopia, Kenya, Nigeria and Sierra Leone during 2004-05. These findings are complemented by similar research by the Global Campaign for Education GCE.