$10b plan for global edu launched at UN

The United Nations joined the World Bank and four regional development banks on Friday to launch a plan to boost funding for education by $10 billion as new data shows a growing gap over access to schools.

About 260 million children worldwide are not in school, including 10 million who are refugees, according to an education commission set up in 2015 to boost investment in education.

If this trend continues, half of the world's children -- 400 million -- will have no education beyond the age of 11 by the year 2030, said former British prime minister Gordon Brown, who is now the UN envoy for global education.

"The biggest divide in the world today is between the half of our future that are going to be educated, and the other half who are going to be left behind," Brown told a news conference at UN headquarters in New York.

The United Nations has set a target in its global development agenda of providing primary and secondary education to all children by 2030.

The education commission is in talks with 20 donor countries to contribute to the new International Finance Facility for Education which aims at the outset to provide 20 million places in school.

Initial donors are expected to be European countries, the United States, Canada, Gulf countries, China, South Korea and Japan.

The funding would be tied to reforms that would push countries to open up access to schools and commit a greater share of their own financial resources to education.