The study from Unesco, published on Wednesday in Addis Ababa in Ethiopia, is an annual monitoring report on the millennium pledges for education made by the international community.
But it warns that promises such as providing a primary school place for all children and increasing the adult literacy rate by 50% are increasingly unlikely be kept.
It reveals that the single biggest recipient of aid for education is China - which receives aid worth a value 77 times greater than Chad.
The report, based on the latest data which is from 2011, shows that there are still 57 million children who do not even get the first basics of schooling.
More optimistically, this represents an almost 50% drop in out-of-school children since 2000.
The report shows that if the early momentum had been sustained the goal could have been achieved. But since 2008, progress has "all but ground to a halt".
Conflict zones
Countries such as India, Vietnam, Ethiopia and Tanzania have made considerable progress in expanding the reach of education.
There are also improvements in quality, with Vietnam now among the most impressive performers in the OECD's Pisa tests, overtaking the United States.
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