The EFA Fast Track Initiative is a ground-breaking compact between rich and poor countries, which aims to close the education financing gap in countries that implement far-reaching reforms. In April 2003, the World Bank's Development Committee requested a progress report on the FTI in time for their meeting in Dubai. They will not get one, because there is no progress to report. Country by country and donor by donor, this GCE "No-progress Report" documents the systematic failure of donors to keep their promise to Southern governments. The report also outlines what must be done to make the FTI effective.