Investing in Education for Our Children and Youth | WBG-IMF 2022 Annual Meetings
The COVID-19 crisis—compounded by crises stemming from conflict, climate, and price shocks – has erased years of human capital progress and efforts to reduce inequality within and between countries. Prolonged pandemic-related school closures, and the learning losses suffered by children have been staggering. Today, 70 percent of 10-year-olds in low and middle-income countries are unable to understand a simple written text. and loss of employment will cause lasting damage to the productivity of current and future generations. These learning losses, as well as limited employment recovery among youth, will likely lead to lifelong negative impact on their futures, and is a costly missed opportunity for boosting growth and prosperity between and within countries. Without action, this generation of students now risks losing US$21 trillion in potential lifetime earnings in present value, equivalent to a reduction of 10% in lifetime earnings for each year of schooling lost. More than one billion young people have had their education and training opportunities interrupted, according to the International Labour Organization. This event will bring together government leaders, international experts, civil society, and private sector representatives to discuss policy priorities that can support a sustained recovery in learning and skills development. They will share insights and successes that can help restore and accelerate human capital outcomes. Learn more: http://wrld.bg/bV0o50L0axa
🗣️ Speakers
- David R. Malpass, President of the World Bank Group
- Mari Pangestu, Managing Director, Development Policy and Partnerships, World Bank
- Dr. Muhammad Al Jasser, Chairman, @IslamicDevelopmentBankGroup
- Catherine Russell, Executive Director, @UNICEF
- Augustine Mayabi, Deputy Director, Ministry of ICT Innovation and Youth Affairs, and the National Project Coordinator for the KYEOP
- Samuel D. Tweah Jr, Minister of Finance and Development Planning, Liberia
- Dr. Betty Vandenbosch , Chief Content Officer, @coursera
- Shafiq Khan, President and Founding Partner, Teach the World Foundation
- Host: Noreyana Fernando, Communications Officer, World Bank
📑 Agenda
00:00 Welcome! Annual Meetings | Investing in Education
04:13 Data in focus: Education & youth employment
07:03 How to overcome the learning crisis caused by the pandemic
29:46 How young people were affected and initiatives ahead
33:23 Jobs and skills for young people
01:01:08 Live Q&A
01:05:14 Spoken Word Poetry Competition: Nora Anyidoho, Ghana
01:06:49 Social media conversation and poll
01:09:52 Key takeaways and closure
ABOUT THE #WBGIMFmeetings: The 2022 World Bank Group - IMF Annual Meetings will convene leaders, experts, and activists to discuss how best to respond to the multiple overlapping crises facing developing countries and how to work together to build a resilient future. Join our top-level discussions focusing on investing in education, accelerating climate finance, promoting inclusive growth & responding to the food & fuel crises. http://wrld.bg/HnW450KXs0x
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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