The Human Capital Project (HCP) is providing innovative ways for countries to protect and invest in their people. Produced through careful analysis, strategic thinking, and partnerships, the HCP is proud to share a variety of core documents that help country governments to engage in this important agenda.
The World Bank has put people at the center of the historic response to COVID-19. In the first 100 days of the COVID-19 operational response the World Bank has leveraged over $16 billion in funding for human capital priorities. These resources are supporting more than 100 governments to save lives, safeguard the poor and vulnerable, protect jobs, and rebuild better systems for the future. This joint HD – OPCS note reviews the unprecedented speed, scale and focus of the operational response, highlighting projects from a range of sectors, with a special section on the use of development policy operations. It also calls for support to countries to build back with stronger more resilient systems for people and economies, including to address equity and coverage gaps which have been starkly revealed by the crisis.
Human capital is the stock of accumulated knowledge, experience, and attributes that workers bring to and use in the production of goods and services in an economy. Investing in people through quality healthcare, education, social services, and job opportunities develops human capital, which is key to ending extreme poverty and creating more inclusive societies.
This report proposes several principles that can inform policy decisions when responding to the many challenges brought on by the COVID-19 pandemic. Written with contributions across the entire World Bank, it sketches possible solutions for containing the pandemic and protecting health, for protecting human capital and livelihoods and for safeguarding the economy.
The formation of human capital--the knowledge, skills, and health that people accumulate over their lifetimes--is critical for the six Gulf Cooperation Council (GCC) countries. Human capital contributes not only to human development and employment but also to the long-term sustainability of a diversified economic growth model that is knowledge based and private sector driven.
In April 2019, we launched the Africa Human Capital Plan. This ambitious plan sets out clear targets and commitments to boost Africa's potential through its human capital. After just one year, the plan is well underway, helping African countries build momentum by leveraging investments and policy reforms across key sectors, empowering women, developing solutions tailored to the challenges of fragile and conflict-affected settings, mobilizing technology and innovation, and building knowledge and partnerships.
The Human Capital Index (HCI) Compass is a guidance note for clients' own assessment of progress towards HCI. The launch of the Human Capital Index (HCI) in October 2018 spurred an interesting conversation on the state of the world in terms of preparing the current generation to the challenges of the future labor market.
This report quantifies inequalities in human capital and particularly focuses on socioeconomic and subnational spatial differences. The authors discuss 50 low- and middle-income countries with comparable data and highlight the potential of detailed disaggregation for the design of well-targeted policies.
On October 17, 2019, as part of the World Bank Group and International Monetary Fund (IMF) annual meetings, ministers and high-level representatives from more than 70 countries and organizations came together for the third Human Capital Project (HCP) conclave. Since its launch in 2018, the HCP’s core message on the long-term economic benefits of investing in human capital has gained widespread global attention. The project envisions a world where all children - both girls and boys reach their full potential, growing up healthy, well nourished, engaged, and protected during their early years, learn in the classroom, and enter the job market as skilled and productive adults.
Read what countries have accomplished during the first full year of the HCP.
On October 16, 2019, The World Bank launched a new plan for MENA countries to invest in human capital by focusing on early childhood development and improving learning outcomes.
Fears that robots will take away jobs from people have dominated the discussion over the future of work, but the World Development Report 2019 finds that on balance this appears to be unfounded. This report suggests investments in human capital and social protection can lead the way to the skills needed in a changing labor market.
On April 11, 2019, the World Bank hosted the first Human Capital Project (HCP) Ministers Conclave in Washington, DC. Held during the World Bank/IMF Spring Meetings, the event was attended by Ministers and other high-ranking government officials from over 60 countries. Other key development partners and champions for human capital were also represented.
This series of four briefs explores strategies that governments have deployed to overcome barriers to investing in human capital: (i) sustaining effort across political cycles, (ii) coordinating across government, and (iii) designing policies according to evidence. (iv) whole of government approach.
Investing in Africa’s people is central to ensuring the continent’s future prosperity and full participation in global markets. This overview explains how some countries in Africa have already advanced the agenda and what the Human Capital Project will do to support outcomes.
This brief provides a definition of human capital, describes the HCP goals and theory of change, and presents evidence of the importance of investing in people, economies, and societies. The HCI methodology is detailed in the appendix.
The best way to equip children and youth for the future is to place their learning at the center the education system. The 2018 World Development Report explores four main themes: 1) education’s promise; 2) the need to shine a light on learning; 3) how to make schools work for learners; and 4) how to make systems work for learning.