The World Bank’s Human Development Flagship report, Collapse & Recovery: How COVID-19 Eroded Human Capital and What to Do About It, provides a comprehensive review of global data showing that the COVID-19 pandemic destroyed human capital at critical moments in the life cycle, scarring millions of children and young people in low- and middle-income countries. These human capital losses threaten to reduce lifetime earnings, increase inequality, and increase social unrest for decades to come. Countries must address these problems otherwise they face generations of scarred children and youth and a catastrophic blow to economic development. This global launch event begins with opening remarks from World Bank senior leadership and a short presentation of the report’s key findings and recommendations. The presentation will be followed by a panel discussion with representatives from government, civil society, and global development organizations. The panel explores the specific impacts of COVID on individuals in each life stage, the related risks to their futures, and policy options countries can consider to help address the challenges. Learn more: http://wrld.bg/o2Sv50MPTpa
Speakers
Indermit Gill, Chief Economist of the World Bank Group and Senior Vice President for Development Economics, World Bank
Mamta Murthi, Vice President, Human Development, World Bank
Norbert Schady, Chief Economist, Human Development, World Bank
Robert Jenkins, Global Director, Education and Adolescent Development, @UNICEF
Santiago Levy, Nonresident Senior Fellow, The Brookings Institution @BrookingsInstitution
Rukmini Banerji, CEO of @PrathamEducationFoundation, India
Alaka Holla, Senior Economist, Human Development Chief Economist Office, World Bank
Joana Silva, Senior Economist, Human Development Chief Economist Office, World Bank
Moderator: Gessye G. Safou-Mat, Communications Officer, @IFC
00:00 Welcome
02:15 Opening remarks
05:23 Main findings from the report
13:22 Panel discussion
50:19 Closing remarks
ABOUT THE WORLD BANK GROUP The World Bank Group is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. http://www.worldbank.org
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