The UN launched the $10 billion International Finance Facility for Education (IFFEd), which proposes an innovative approach to education financing for countries. In the Facility’s first round of funding, donor countries will provide the IFFEd Facility with approximately US$2 billion in guarantees, which will be leveraged to create approximately $8 billion in new financing. The Facility aims to help countries invest in and reform their education systems to achieve SDG 4.