Increasing economic growth in every country

The Human Capital Index 2020 developed by the World Bank Group includes data on health and education in 174 countries covering 98% of the world’s population, as of March 2020, providing a pre-pandemic baseline on children’s health and education. The analysis shows that most countries made steady progress in building human capital for children before the outbreak of the pandemic, with the largest jumps in low-income countries. Despite this progress, and even before the effects of the pandemic spread, a child born in a country can expect to achieve only 56% of its human capital potential, compared to a standard of full education and abundant health.

Commenting on the report, World Bank Group President David Malpass said, “This pandemic jeopardizes the progress made in ten years in building human capital, including improvements in health, survival rates, school enrollment and reduced stunting. The economic impact of this pandemic is particularly profound for the most disadvantaged women and families, leaving many of them vulnerable to food insecurity and poverty … Protecting people and investing in them is vital at a time when various countries work to lay the foundation for comprehensive sustainable recovery and future growth.

The pandemic has caused most children – more than a billion children – to miss school in their schools, and they may lose an average of half a year of education, after adjusting it to reflect the amount of learning, which will turn into huge cash losses. The data also shows a significant disruption in basic health services for women and children, with many children missing the opportunity to obtain vital vaccinations.

The Human Capital Index 2020 also provides a view of the evolution of human capital outcomes over a decade from 2010 to 2020, as improvements have been made in all regions of the world, wherever data are available, and at all income levels. This is largely due to improvements in health, which have been reflected in improved child and adult survival rates and decreased stunting, as well as increased school enrollment. But this progress is now at risk due to the global pandemic.

The analysis concludes that human capital outcomes for girls are higher on average than for boys. However, this has not translated into similar opportunities to exploit human capital in the labor market: female employment rates are on average 20 percentage points lower than those of men, with a wider gap in many countries and regions. Moreover, the pandemic increases the risks of gender-based violence, child marriage and teenage pregnancy, all of which further diminish learning and empowerment opportunities for women and girls.

Today, hard-won human capital gains in many countries are at risk. But countries around the world can do more than just work to restore the progress they have lost. In order to protect and expand past gains in human capital, these countries need to expand the quality and coverage of health services in marginalized communities, enhance learning outcomes along with enrollment in schools, and support disadvantaged families through social protection measures that adapt to the scale of the Corona pandemic crisis. .

The World Bank Group is working closely with relevant governments to develop long-term solutions to protect and invest in people during and after the outbreak of the pandemic:

• In Ethiopia, Mongolia and Haiti, the Bank is supporting the acquisition of vital medical equipment.

• In Bangladesh, Burkina Faso and Nepal, the World Bank is supporting the development of school safety and hygiene protocols, while collaborating with drinking water, sanitation and sanitation teams to provide basic supplies for public health.

• In Jordan and Turkey, the World Bank, through new operations recently approved, is supporting the development of television and digital content for co-education for the new academic year, as well as providing psychosocial counseling and remedial courses.

• In the Sahel region, the Bank is supporting the project for the economic empowerment of women and benefiting from the demographic dividend, which aims to create an enabling environment for the empowerment of women and girls through programs to keep girls in school, expand economic opportunities and access to quality reproductive health services.

• The Bank is also helping India to immediately expand cash transfers and food benefits, using a range of existing national platforms and programs to provide social protection for essential workers involved in the relief efforts from the Corona pandemic; It benefits vulnerable groups, particularly among migrants and irregular workers, who face high risks of exclusion.

Ambitious evidence-based measures in health, education and social protection can restore lost gains and pave the way for today’s children to excel in achievements in human capital and quality of life for the generations that preceded them. Realizing the creative potential embodied in every child is not more important now than ever before.

The World Bank Group, one of the largest global sources of financing and knowledge for developing countries, is implementing rapid and large-scale measures to help these countries strengthen their response to this pandemic. The Bank Group supports healthcare interventions, works to ensure the flow of vital supplies and devices, and helps private sector organizations to continue operating and maintain their staff. It will provide up to $ 160 billion in financial resources over 15 months to help more than 100 countries protect the poor and disadvantaged, support businesses, and foster economic recovery. This includes $ 50 billion in new IDA resources in the form of grants or highly concessional loans.

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