The World Bank unveiled a new plan today to help African countries strengthen their human capital. The objective of the plan is to enable Africa’s young people to grow up with optimal health and equipped with the right skills to compete in the digitizing global economy.
Sub-Saharan Africa scores the lowest of all the world’s regions on the World Bank’s Human Capital Index, a measurement of how well countries invest in the next generation of workers. The score is explained by high mortality and stunting rates in the region, as well as inadequate student learning outcomes – all of which have a direct effect on economic productivity.
In an effort to help countries turn these indicators around, the World Bank’s Africa Human Capital Plan is setting ambitious targets to be achieved in the region by 2023. These include a drastic reduction in child mortality to save 4 million lives, averting stunting among 11 million children, and increasing learning outcomes for girls and boys in school by 20%. These achievements can raise Africa’s Human Capital Index score upwards to increase the productivity of future workers by 13%.
“Preventing a child from fulfilling his or her potential is not only fundamentally unjust, but it also limits the growth potential of economies whose future workers are held back. GDP per worker in Sub-Saharan Africa could be 2.5 times higher if everyone were healthy and enjoyed a good education from pre-school to secondary school,” says World Bank Vice President for Africa Hafez Ghanem at the launch of the Bank’s Plan during the World Bank-IMF Spring Meetings.
The Plan also aims at empowering women to prevent early marriage and pregnancy for adolescent girls. “The adolescent fertility rate in Sub-Saharan Africa is 102 births per 1,000 girls—three times as high as in South Asia. This not only damaging for girls and their children, but it also hurts economic growth,” noted Ghanem.
The World Bank will increase its investments in human capital in Africa by 50% in the next funding cycle. This includes new World Bank grants and concessional finance for human capital projects in Africa totaling $15 billion in fiscal years 2021-2023. The World Bank will invest these funds strategically to unblock structural constraints to human capital development. The World Bank will also target game changing interventions that leverage technology and innovation and that prevent and reverse damage to human capital in fragile and conflict-affected settings.
The World Bank is already supporting countries to come up with new strategies to invest more and better in their people. Twenty-three African countries, covering over 60% of the region’s population, have joined a coalition of nearly 60 countries to join the Human Capital Project, committing to a set of accelerated investments in their human capital.
“Human Capital Project countries are breaking away from traditional paradigms to make investment in their people a priority and are working in a more coordinated way across government to ensure that households have the right enabling environment to support human capital formation,” said Annette Dixon, World Bank Vice President for Human Development.
ADB Private Sector Deal to Promote Solar Power in Afghanistan
The Asian Development Bank (ADB) has signed a $4 million loan with a special purpose vehicle and subsidiaries owned by the 77 Construction, Contracting, and Trading Group (77 Group), an international civil works contracting firm headquartered in Turkey, to help build a 15.1 megawatt (MW) solar power plant and promote the development of renewable energy in Afghanistan.
The borrower is Barakat Kandahar Solar Energy (BKSE), a special purpose vehicle majority owned by 77 Afghanistan, a subsidiary of 77 Group. The co-borrowers include three subsidiaries of 77 Group. The agreement was signed by Principal Investment Specialist at ADB’s Private Sector Operations Department Ms. Sonali Tang, and Chairman, BKSE, and owner of 77 Group Mr. Suleyman Ciliv.
“Having a stable, sustainable, and reliable energy source is important for the growth and development prospects of Afghanistan, where power generation and access is one of the lowest in the world,” said Senior Public–Private Partnership specialist at ADB’s Office of Public–Private Partnerships Mr. Mohammed Azim Hashimi. “ADB’s support for this important project will help provide long-term financing that is not available locally to build and operate a state-of-the-art solar power plant in Afghanistan.”
“77 Group would like to thank ADB for paving the way for investors in Afghanistan by supporting the first private sector-financed independent power producer ,” said 77 Group representative and project director Mr. Burak Unsal. “77 Group is keen to work with ADB on future renewable energy investment projects.’’
Afghanistan ranks in the bottom 5% in terms of per capita electricity usage, with only 30% of the country’s population connected to the grid in 2015. In terms of energy mix, solar power accounts for only about 1% or 3 MW of the country’s total installed generation capacity. This is despite Afghanistan having about 220,000 MW of solar power generation potential. The Government of Afghanistan aims to develop the country’s renewable energy generation, including solar power, so it can contribute at least 5,000 MW (40% share) to the national grid by 2032.
The Kandahar Solar Power Project will install a 15.1 MW solar photovoltaic power plant and related facilities, increasing the supply of clean power to the domestic grid in Afghanistan. The power plant will generate about 27.5 gigawatt-hours of electricity annually and avoid 8,500 tons of carbon dioxide emissions. It will also help lift the share of renewable energy in the country’s total installed power generation capacity to between 4,500 MW and 5,000 MW by 2032.
ADB will also administer a $3.85 million loan from the Canadian Climate Fund for Private Sector in Asia II (CFPS II) for the project. CFPS II was established in March 2017 to support greater private sector participation in climate change mitigation and adaptation in low and lower middle-income countries in Asia and the Pacific.
Erasmus+: a turning point in the lives of 5 million European students
New evidence shows that Erasmus+ makes students more successful in their personal and professional lives and helps universities to become more innovative, according to two new independent studies released today by the European Commission.
The large-scale studies based on the feedback from nearly 77 000 students and staff and over 500 organisations measure and analyse the impact the Erasmus+ programme has on its main beneficiaries. Results show how the EU programme helps prepare young Europeans for the new digital era and thrive in their future careers. Erasmus+ also boosts innovation capacity of universities, their international engagement and ability to answer the needs of the labour market.
Commissioner for Education, Culture, Youth and Sport, Tibor Navracsics said: “It is impressive to see how Erasmus+ enables young people to thrive in the modern labour market and in a more diverse society. I am happy to see that Erasmus+ graduates feel more ready to take on new challenges, have better career prospects and are more aware of the benefits the EU brings to their daily lives. At the same time, universities that take part in Erasmus+ are not only more international but also better placed to respond to the needs of the world of work.”
The key findings of the studies are:
Erasmus+ helps students find their desired careers and get jobs quicker
Over 70% of former Erasmus+ students say that they have a better understanding of what they want to do in their future careers when they return from abroad. Their experience abroad also enables them to re-orient their studies to better match their ambitions. The higher education impact study further reveals that 80% were employed within three months of graduation and 72% say their experience abroad helped them get their first job. Nine in ten Erasmus+ alumni say they make use of the skills and experiences acquired abroad in their daily work. Erasmus+ addresses skills mismatches by focusing on soft and interdisciplinary skills development businesses need.
Erasmus+ boosts European sense of belonging
More than 90% of Erasmus+ students also improve their ability to work and collaborate with people from different cultures and feel they have a European identity. The biggest impact is on the students who felt less convinced about the EU prior to their exchange and the students that spent time in a more culturally different country. Of all Erasmus+ students those coming from Eastern Europe identify the most with the EU.
Erasmus+ supports digital transformation and social inclusion
Erasmus+ cooperation projects make the majority of participating universities better prepared for digital transformation. Making use of new technologies and innovative teaching and learning methods helps strengthen their international cooperation and innovation capacity. Academic staff, who made use of Erasmus+ are more open to involving staff from enterprises in their courses than their non-mobile peers, around 60% compared to 40%. More than 80% of academics report that their experience abroad has led to the development of more innovative curricula. Moreover, two out of three participating universities stated EU-wide projects also contribute to increasing social inclusion and non-discrimination in higher education.
Other findings show that former Erasmus+ students are more satisfied with their jobs compared to those who have not gone abroad. They also have careers that are more international and are almost twice as likely to work abroad. Erasmus+ also supports entrepreneurship. One in four cooperation projects contributed to entrepreneurial education and strengthened entrepreneurship. A third of projects helped create spin-offs and start-ups.
Between 2014 and 2018, more than 2 million students and staff in higher education undertook a learning, training or teaching period abroad as part of the Erasmus+ programme. During the same period, almost 1 000 Erasmus+ Strategic Partnerships between higher education institutions and 93 Knowledge Alliances between universities and businesses received EU funding. More than 40% of these trained students and academic staff in forward-looking skills related to environment and climate change, energy and resources, digital (ICT and digital skills) and entrepreneurship.
The two studies (Erasmus+ Higher Education Impact study and the Erasmus+ Higher Education Strategic Partnerships and Knowledge Alliances study) assessed the impact of the programme on its two main beneficiaries: individuals and organisations.
For the first study, almost 77 000 responses, including from around 47 000 Erasmus+ students, 12 000 graduates and 10 000 staff members with Erasmus+ experience were analysed. The findings of the second study are based on responses from 258 Erasmus+ Strategic Partnerships and Knowledge Alliances (representing 504 organisations) awarded funding in 2014-2016 as well as 26 detailed case studies.
IEA holds Energy Efficiency Training Week in Paris
The International Energy Agency is hosting its 11th Energy Efficiency in Emerging Economies Training Week from 20 to 24 May. More than 120 energy efficiency professionals from 40 countries have come together in Paris for the event.
The objective of the training week is to enable participants to learn from leading experts in the field and from each other, strengthening the knowledge and networks needed to meet some of today’s most pressing challenges. The weeklong activities focus on the critical role of energy efficiency in mitigating growing energy demand across all sectors in the world’s fastest‑growing economies.
Dr Fatih Birol, the IEA’s Executive Director, kicked off the event by stressing the importance of energy efficiency as the first fuel. “Many of the challenges the world is facing today – climate change, energy security, access to electricity – can be met at a large scale only by implementing the right energy efficiency policies,” he said.
Ambassadors from Brazil, Switzerland and the United Kingdom joined Dr Birol in the open plenary session to share their experiences and support for the training week. His Excellency, Mr. Carlos Márcio Cozendey, Ambassador and Delegate of Brazil to International Economic Organisations in Paris, commended the opportunity that the training week presents. “Energy efficiency will remain very important in Brazil, and international cooperation through the IEA and bilateral cooperation with different countries will be an important part of that,” he said.
Participants are engaged in one of five parallel courses, which focus on energy efficiency in buildings, industry, appliances and equipment, cities, and indicators and evaluation. Experts from the IEA are guiding participants through an interactive agenda, with lectures, discussions, practical exercises, site visits and group activities.
The IEA will host its first Energy Efficiency Training Week for Africa later this year and a specialised training programme on green buildings in Singapore from 16 to 18 July. Please keep an eye on our website for registration opening dates.
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