Human Capital Project : Year 3 Progress Report
Year 3 of the Human Capital Project (HCP) has been one in which countries have struggled to stem their losses. COVID-19 (coronavirus) has both disrupted and caused devastating setbacks to lives and livelihoods. Globally, we have lost an estimated d...
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| Format: | Annual Report |
| Language: | English |
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World Bank, Washington, DC
2022
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| Online Access: | http://documents.worldbank.org/curated/en/152711635786365470/Human-Capital-Project-Year-3-Progress-Report http://hdl.handle.net/10986/37220 |
| Summary: | Year 3 of the Human Capital Project
(HCP) has been one in which countries have struggled to stem
their losses. COVID-19 (coronavirus) has both disrupted and
caused devastating setbacks to lives and livelihoods.
Globally, we have lost an estimated decade worth of gains in
human capital outcomes. With over 255 million jobs
equivalent erased and 1.6 billion children out of school at
the peak of school closures, poverty is set to significantly
increase for the first time in 20 years, particularly in
low-income countries and Sub-Saharan Africa. The poor and
vulnerable have also endured the hardship of natural
disasters and conflict. In the face of these challenges, we
are more committed than ever to help countries invest
optimally in their people, prevent hard-won human capital
gains from being eroded further, and build back better to
ensure green, resilient and inclusive development. Human
capital has been adopted as a special theme for the 20th
replenishment of the World Bank’s International Development
Association (IDA-20). The HCP network has grown to 82
countries and, even in this unique year of travel bans and
social distancing, we have maintained a high level of
engagement through online ministerial conclaves and global
forums, multilingual knowledge exchange webinars including
on COVID-19 strategies, knowledge products, and
country-specific case studies of successful human capital interventions. |
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