Pandemic Threatens Human Capital Gains of the Past Decade, New Report Says

 

WASHINGTON, Sept. 16, 2020 – The COVID-19 pandemic threatens jakartahard-won gains in health and education over the past decade, especially in the poorest countries, a new World Bank Group analysis finds. Investments in human capital—the knowledge, skills, and health that people accumulate over their lives—are key to unlocking a child’s potential and to improving economic growth in every country.

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Automated Water Kiosks Provide Continuous Water for Malawians During COVID-19

STORY HIGHLIGHTS malawi

  • Replacing Lilongwe’s manually-operated water kiosks with automated systems helps reduce congestion and contact, lowering COVID-19 risk
  • The automated systems have also reduced the cost of water by 65%, allowing for increased hygiene and handwashing for households dependent on water kiosks
  • The new kiosks are financed through the World Bank-supported COVID-19 response package, implemented by the Lilongwe Water Board

Top COVID-19 (coronavirus) news this week

Muhammad Ali Pate, Global Director for Health, Nutrition and Population at the World Bank by Creativenekosaid “the COVID-19 pandemic has put years of global progress to end preventable child deaths in serious jeopardy,”  referencing a new joint UN-World Bank report on child mortality. Meanwhile, this week highlights the World Bank’s support in Angola and Mongolia’s health systems.

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Pandemic Threatens Human Capital Gains of the Past Decade, New Report Says

WASHINGTON, Sept. 16, 2020 – The COVID-19 pandemic threatens hard-won gains in jakartahealth and education over the past decade, especially in the poorest countries, a new World Bank Group analysis finds. Investments in human capital—the knowledge, skills, and health that people accumulate over their lives—are key to unlocking a child’s potential and to improving economic growth in every country.

The World Bank Group’s 2020 Human Capital Index includes health and education data for 174 countries – covering 98 percent of the world’s population – up to March 2020, providing a pre-pandemic baseline on the health and education of children. The analysis shows that pre-pandemic, most countries had made steady progress in building human capital of children, with the biggest strides made in low-income countries. Despite this progress, and even before the effects of the pandemic, a child born in a typical country could expect to achieve just 56 percent of their potential human capital, relative to a benchmark of complete education and full health.

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5 Years of Climate Leadership: The World Bank Group’s First Climate Action Plan

Climate Change Action Plan 2.0BankAccomplishments--006-

Results from the recently concluded Plan make clear the Group’s leadership on climate action. Looking ahead, our next Climate Change Action Plan (2020-2025), already underway, aims to boost support for countries to take ambitious climate action by increasing financing for adaptation and supporting increased systemic climate action at the country level.

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Five Things You Need to Know About Social Sustainability and Inclusion

STORY HIGHLIGHTS

  • The Social Sustainability and Inclusion Global Practice (GP), formerly known as the Morocco-gender-2Social Development GP, has a new strategic direction that focuses on creating more inclusive societies, enhancing the empowerment of citizens, and fostering more resilient and peaceful communities.
  • Social sustainability is also about expanding opportunities for all people today and tomorrow. Together with economic and environmental sustainability, it is critical for poverty-reduction and shared prosperity.
  • The Environmental and Social Framework is an integral part of social sustainability.

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World Bank Group Exceeds 2020 Climate Finance Target for 3rd Consecutive Year – $21.4 Billion in Funding for Climate Action

STORY HIGHLIGHTS

  • In fiscal year 2020, the World Bank Group allocated nearly $21.4 billion to climate-climate-finance-2020-collagerelated investments, surpassing its climate-finance target for the third year in a row.
  • Bank Group climate finance exceeded $83 billion over the 5 years that the first Climate Change Action Plan (2016-2020) was in effect.
  • Three country snapshots illustrate ways in which climate change considerations were integrated into projects in Malawi, Bangladesh and Tunisia.

We must prepare supply chains for future COVID-19 vaccines and therapeutics

Nothing would undermine delivery of successful COVID-19 (coronavirus) vaccines and gs1_forumtherapeutic treatments faster than the emergence of fake vaccines.  Health development and financing institutions already have their work cut out to raise public awareness and acceptance of these potential pandemic ending-solutions. The proliferation of falsified versions in marketplaces around the world would make the job even harder. The likely diversion of these highly prized commodities away from priority or underserved recipients would also be tragic. COVID-19 vaccines and therapeutics could be the catalyst to step up efforts around medicine traceability, but supply chains need to make fast progress. 

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Beirut Rapid Damage and Needs Assessment (RDNA) — August 2020

Immediately after the massive blast that rocked the port of Beirut on August 4, the World Beirut-RDNA-ReportENBank Group (WBG) in cooperation with the United Nations (UN) and the European Union (EU) launched a Rapid Damage and Needs Assessment (RDNA) to estimate the impact on the population, physical assets, infrastructure and service delivery. The Beirut RDNA uses ground data and cutting-edge remote tools and technology to assess (i) damages to physical assets, (ii) ensuing economic losses, and (iii) recovery and reconstruction needs.

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