Stronger social accountability, key to closing “human capital gap”

With the creation of the World Bank’s Human Capital project and launch of the Human gpsa_forum_18_blogCapital Index in October 2018 it is fitting for social accountability practitioners to ask how countries would be able to close the ‘human capital gap’ and to be accountable for their efforts?

The Index will enable measurement and transparency and create demand for improved performance, so the Fifth Annual Global Partners Forum of the Global Partnership for Social Accountability set out to discuss precisely that question, with a focus on the role of public finance.

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How is the Human Capital Index prompting action?

Whew, it’s out!20170317-tanzania-farhat-8454

On October 11, 2018, the World Bank Group released its inaugural Human Capital Index (HCI), a tool that quantifies the contribution of health and education to the productivity of a country’s next generation of workers. The question underpinning the HCI asks, “How much human capital can a child born today expect to acquire by age 18, given the risks to poor health and poor education that prevail in the country where she lives?” Globally, 56 percent of children born today will lose more than half their potential lifetime earnings because governments and other stakeholders are not currently making effective investments to ensure a healthy, educated, and resilient population ready for the workplace of the future.

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