This book offers an analysis of educational financing in Latin America and the Caribbean (LAC), highlighting that while investment in education is essential, the efficiency and effectiveness in the use of resources are decisive for improving learning outcomes and reducing educational gaps. Based on interviews and documentary analysis conducted in 22 countries in the region, the book proposes a conceptual framework that integrates the operational dimensions of financing mobilization, distribution, execution, and monitoring with the normative principles of adequacy, equity, efficiency, and transparency.