Connect with us

International

World Bank says COVID-19 threatens last decade’s human capital gains

Published

on


A new report from the World Bank is warning that the coronavirus pandemic (COVID-19) is threatening the hard-earned gains in health and education over the past decade, especially in poorer countries.

Reports reveal that investing in human capital, the knowledge, skills and health that people accumulate during their lifetime, are essential to unlocking a child’s potential and improving economic growth in any country.

The World Bank Group 2020 Human Capital Index includes health and education data for 174 countries, including the Caribbean, which covers 98 percent of the world’s population, by March 2020, providing a pre-pandemic basis on children’s health and education.

The analysis shows that pre-pandemic, most countries had made steady progress in building children’s human capital, with the biggest strides being made in low-income countries. Despite this progress, and even before the effects of the pandemic, a child born in a typical country can expect to reach only 56 percent of their potential human capital, compared to a benchmark of full education and full health .

The pandemic jeopardizes decades of progress in building human capital, including improvements in health, survival rates, school enrollment and reducing delays, said World Bank Group President David Malpass.

He said the economic impact of the pandemic has been particularly profound for women and the most disadvantaged families, leaving them very vulnerable to food insecurity and poverty.

Protecting and investing in people is vital as countries work to lay the groundwork for sustainable, inclusive recovery and future growth, he added.

The report notes that due to the impact of pandemics, most of the more than one billion children have been out of school and may lose, on average, half a year of schooling, adjusted to learning, turning into significant monetary losses. The data also show significant disruptions to essential health services for women and children, with many children losing essential vaccines.

The 2020 Human Capital Index also presents a ten-year picture of the evolution of human capital performance from 2010 to 2020, finding improvements in all regions where data are available, and at all income levels.

These were mainly due to improvements in health, reflected in better child and adult survival rates and reduced dizziness, as well as an increase in school enrollment. This progress is now at risk due to the global pandemic.

The analysis reveals that the results of human capital for girls are on average higher than for boys. However, this has not translated into comparable opportunities to use human capital in the labor market: on average, employment levels are 20 percentage points lower for women than for men, with a wider gap in many countries and regions.

Moreover, the pandemic is exacerbating the risks of gender-based violence, child marriage, and adolescent pregnancy, all of which further reduce learning and empowerment opportunities for women and girls.

Today, hard-earned human capital gains in many countries are at stake. But countries can do more than just work to regain lost progress. To protect and expand past human capital gains, countries need to expand health care and quality among marginalized communities, increase learning outcomes along with school enrollment, and support families in need with tailored social protection measures. on the scale of the COVID-19 crisis, the World Bank noted.

He said he was working closely with governments to develop long-term solutions to protect and invest in people during and after the pandemic:

In Ethiopia, Haiti and Mongolia, the Bank said it has supported the purchase of vital medical equipment, while in Bangladesh, Burkina Faso and Nepal, it is supporting the development of school safety and hygiene protocols while working with water supply, sanitation, and teams. of hygiene to provide basic elements of sanitation and hygiene.

CMC

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



picture credit

ExBUlletin

to request, modification Contact us at Here or [email protected]

Please disable the ad-blocker on this page to see the content

plus