Human capital consists of the knowledge, skills, and health that people invest in and accumulate throughout their lives, enabling them to realize their potential as productive members of society. What is human capital and why does it matter? It is also a cross-cutting priority for IDA-19, the current cycle of IDA financing covering July 2020 - June 2023, the World Bank Group’s fund for the world’s poorest countries.Ģ. It is closely integrated with our efforts to promote sustainable, inclusive growth and build resilience across developing countries. Protecting and investing in people is one of three main ways we are working to reach our goals of ending extreme poverty by 2030 and boosting shared prosperity in all countries. Human capital is at the center of our global strategy for development. Focal points, usually based in the Ministries of Finance, Economy, or Planning (and sometimes in sectoral ministries) connect regularly to exchange knowledge and feedback. We have launched a Human Capital Project country network to connect governments that are prioritizing human capital and to channel expertise where it is most needed. In the Middle East and North Africa, we are focusing on areas such as early childhood and building the resilience of vulnerable people. We are scaling up human capital investments in Sub-Saharan Africa with a strong focus on women’s empowerment, leveraging technology, and accelerating innovation, among other priorities. As of October 2022, 86 countries at all income levels are working with the World Bank Group on strategic approaches to transform their human capital outcomes.
The Human Capital Project is a global effort to accelerate more and better investments in people for greater equity and economic growth. How does the Human Capital Index capture all aspects of human capital? How does the Human Capital Index relate to the Sustainable Development Goals (SDGs)? How does the Human Capital Index differ from UNDP’s Human Development Index? What is the Utilization-Adjusted Human Capital Index? How has COVID-19 affected the Human Capital Index? What does the Human Capital Index show for girls and boys?
How has the Human Capital Index evolved since its launch in 2018?
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