Doha: Education Above All (EAA) Foundation and the Inter-American Development Bank (IDB) have announced the renewal of their strategic partnership through 2030 to support out-of-school children and expand economic opportunities for youth across Latin America and the Caribbean.

According to Qatar News Agency, the new agreement aims to mobilize up to USD100 million in co-financing over the next five years: USD 40 million in EAA grants supported by Qatar Fund for Development (QFFD) and USD 60 million in IDB loans.

The initiative will support countries across the region in several key areas: reintegrating out-of-school children into quality primary education, scaling post-secondary and vocational learning, embedding resilience and climate adaptability into secondary curricula, and creating clear pathways to employment and self-employment for youth aged 18-35. Innovative financing mechanisms and regional programs, such as the "ONE Caribbean" initiative, will be leveraged to enhance impact.

Acting CEO of EAA Mohammed Al Kubaisi expressed that renewing their partnership with the IDB, supported by QFFD, reaffirms a commitment to ensuring every child and young person has access to quality primary education and tools for a better future. By addressing systemic barriers to learning and providing pathways to employment, the initiative invests in sustainable solutions that empower communities.

HE President of the IDB Dr. Ilan Goldfajn emphasized that the partnership focuses on real outcomes, such as bringing children back to school, improving learning quality, expanding vocational training, and connecting youth to the labor market. This reflects a shared commitment to inclusive opportunity and sustainable development in the region.

This collaboration began in 2019 and is working to enroll more than 112,000 out-of-school children in Haiti. The new agreement marks an expansion of that work, deepening the focus on youth skills development, resilience building, and innovative, region-wide partnerships.