Human capital consists of the knowledge, skills, and health that people accumulate over their lives. More human capital is associated with higher earnings for people, higher income for countries, and stronger cohesion in societies. It is a central driver of sustainable growth and poverty reduction for MENA countries. Unfortunately, the Covid-19 pandemic has dealt a severe blow to human capital in the region and countries are now facing the dual challenge of recovering from human capital losses while transforming their human capital for the world of tomorrow.
This high-level event will feature ministers from across the Middle East and North Africa and will highlight the nature and extent of human capital losses resulting from the COVID-19 pandemic and stress the need for countries to invest both in recovering as well as reimagining human capital.
With the aim of generating momentum and building on opportunities emerging from the pandemic, the event will also launch the update of the World Bank’s Middle East & North Africa regional Human Capital Plan, which was first released in 2019.