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Turkey Invests in Safer Schooling and Distance Education with the World Bank Support

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The World Bank approved today a Euro 143.8 million (US Dollar 160 million equivalent) Safe Schooling And Distance Education Project  loan to the Republic of Turkey to enhance the capacity of the education system to provide e-learning equitably to school-age children during and following the COVID-19 pandemic and future shocks.

“The COVID-19 emergency has proven that online schooling is no longer an alternative but a necessity. We are very happy to support Turkey at this time to improve the reach and resilience of the digital education system,” says Auguste Tano Kouame, World Bank Country Director for Turkey. “The project also intends to accommodate the needs of vulnerable students, such as children and youth from remote areas, low socio-economic backgrounds, disabled, refugee or other non-native Turkish speakers”.

The project will be implemented by the Ministry of National Education (MoNE) and consists of three components:

  1. Emergency Connectivity and IT Infrastructure for Education in Emergencies. This component finances the expansion of the country’s e-learning platform – Digital Education Platform (EBA) – as part of MoNE’s response to COVID-19. The component also supports the development and roll out of a New Digital Education System (NDES) for the future.
  2. Digital Content for Safety and Quality. This component will finance goods, services, consultants, training and small refurbishments to support the distance education content, during the period of school closures due to COVID-19, for a gradual return to classroom-based teaching, and to strengthen blended teaching and learning (classroom-based and on-line).
  3. Institutional Capacity for Education Technology Resilience. This component will strengthen MoNE’s capacity for the coordination, management, monitoring and evaluation of the Project and for the continued delivery of safe and equitable digital education services.

The project includes equity interventions for students most vulnerable to learning loss due to COVID-19 school closures.  Activities to address gender-based distance education needs and risk mitigation are included, and its monitoring indicators are disaggregated by gender. In addition, it will increase the weekly use of the online distance education platform to almost 12 million K-12 students and provide certified on-line training to more than 900,000 teachers.

By the end of the project, 5,000,000 students will be able to concurrently use the IT education platform, including through 100,000 on-line classrooms. The EdTech Innovation Hub, to be established, will support the development, testing and roll out of more than 30,000 new digital educational materials and pedagogical tools for K-12, special education and blended learning.

“The project supports the COVID-19 emergency response and return-to school activities, while setting the IT, educational and institutional foundations to support longer-term blended (classroom-on-line) education needs and roll out a stronger educational digital system to support education delivery in the face of any future shocks,” said Joel Reyes, the Task Leader of the project. “Lastly, strengthening Turkey’s digital education system can have important environmental and disaster-risk management co-benefits, such as making the platform and its data resistant to extreme climate, power outings, and even reduction in carbon emissions by limiting paper use and travel”.

The project is aligned with World Bank Group (WBG) strategic priorities, particularly the WBG’s mission to end extreme poverty and boost shared prosperity and is relevant to the WBG’s Turkey Country Partnership Framework (FY18-23) which includes commitments to human capital development through learning and skills acquisition.  Within the education policies of the country, it is aligned to Turkey’s Education Vision 2023, MoNE’s Strategy Paper 20119-2023, and the 11th Development Plan.

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Finance

5 Resume Website Mistakes to Avoid

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First impressions are crucial, and a poorly designed personal website can put employers off. Sadly, too many candidates fall prey to pitfalls like information overload or poor grammar. These mistakes have far-reaching implications for your career. Discover the biggest errors to avoid in 2022.

1.      Overwhelming Layout

The common wisdom is that a resume should fit on one A4 page. When you build a resume website, this approach could result in a cluttered look. The format gives more freedom and room to play with. Even a one-page web template is more spacious than a sheet of paper!

Highlight your experience and education on different pages or choose a timeline layout. Separate sections and elements with the right amount of whitespace. Make sure the website does not look overwhelming.

2.      Typos and Grammar Mistakes

Any errors, intentional or unintentional, make you look bad in the eyes of potential employers. Visitors may conclude that you could not be bothered to proofread your own text. To find mistakes, use an online checker, read each page out loud or try reading the content backward. If grammar is not your strength, ask someone else to proofread the content before marketing it.

3.      Poor Image Quality

Any photos or screenshots of your work must be big enough so users understand what each image is about. However, file size also matters — if the items are too big for the web, they will slow down your website. Generally, JPEG is preferable for photos, while PNG is best for screenshots that require transparency (for example, logos or images with special effects).

Include a professional headshot. If you cannot afford it, ask someone to take your picture against a neutral background, or use a selfie timer and a tripod. You could also create a unique personal photo that strengthens your brand — for example, by using specific colors.

4.      Too Much or Too Little Information

Do not omit vital information (e.g., successful projects) for the sake of brevity. A virtual resume lets you showcase all major accomplishments. If you do lack experience but have participated in volunteer projects or internships, these are worth including. Links to published works add credibility.

The need for detail does not justify information about color preferences, favorite coffee, or pets. Personal details must highlight qualities that will help you get ahead in your career. Focus on showcasing the best work and let it speak for itself. Employers are not interested in the evolution of your skills, they want the best results now.

5.      Unresponsive Theme

Finally, remember that potential employers will probably open your website from mobile devices. Make sure they will be able to view all content and navigate the pages smoothly. Nobody wants to spend time zooming in and scrolling in all possible directions to find the necessary information.

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GCC returns to growth amid high oil prices and strong responses to COVID-19

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Gulf Cooperation Council (GCC) economies are expected to return to an aggregate growth rate of 2.6% in 2021, according to the latest issue of the World Bank Gulf Economic Update (GEU), “Seizing the Opportunity for a Sustainable Recovery.” The six-member GCC is composed of the United Arab Emirates, Saudi Arabia, Qatar, Oman, Kuwait, and Bahrain.

Their robust recovery, which is due to stronger oil prices and the growth of non-oil sectors, will accelerate into 2022 as OPEC+-mandated oil production cuts are phased out and higher oil prices improve business sentiment and attract additional investment. These favorable oil market conditions have shrunk fiscal and external imbalances as export earnings recover. However, the outlook in the medium-term is subject to risks from slower global recovery, renewed coronavirus outbreaks, and oil sector volatility.

The World Bank’s latest GEU report focuses on addressing the wage bill in the GCC—the amount of government spending devoted to the salaries and benefits of state employees. Well-paid, public sector jobs are part of the region’s social contract, as well the free health care, education, social security benefits, and subsidized housing and utilities which citizens are often also offered.

“With high population growth and limited options in the private sector, the wage bill has become unsustainable in some GCC countries, as it is a large part of government spending and of the economy overall,” said Issam Abousleiman, World Bank Regional Director for the GCC. “Given their improved fiscal situation, this is an opportune time for GCC governments to accelerate their reforms agenda and reach the goals they set for themselves.”

According to the report, the average GCC wage bill over the past two decades has exceeded the Organisation for Economic Co-operation and Development (OECD) average, except in Qatar and the UAE. Many GCC countries have public sectors that are well within OECD norms size-wise, in terms of the numbers of employees. However, public servants are paid a wage premium of between 50–100%, which results in a high wage bill relative to the countries’ total spending and GDP.

Despite the oil price crash, spending on the wage bill and the numbers of people employed in the public sector have both risen inexorably upwards. Kuwait’s 2022 budget allocated KWD 12.6bn (about US$42bn) for salaries and benefits, or 55% of its total expenditure. Other countries in the GCC are in a similar position: Oman’s wage bill has doubled in the past decade despite efforts to cap its growth. Saudi Arabia’s allowances for civil servants rose from SAR 44bn in 2016 to SAR 148bn in 2019 and now form more than a third of the government’s total wage bill.

These high wage bills are adding excessive pressure to GCC budgets, especially in countries with fewer resources and limited fiscal buffers. In consequence, most are either introducing or expanding their tax bases, trimming back benefits, and exploring early retirement options for some staff. Rather than providing a prescriptive solution in their report, World Bank economists highlight some of the options adopted by other countries and suggest GCC countries reach consensus among stakeholders before moving forward.

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What can I do with an Economics degree?

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A degree in economics will increase your employability in any industry. High-skilled graduates are in high demand worldwide. The wide range of problem-solving and analytical skills that students with economics degrees have made them a versatile and valuable asset to the economy industry makes it a very interesting field. This filed is really difficult in getting in degree and quite who has ever learned economics have thought “I need help to do my economics assignment” but it is worth spending 4+ years if you are really into it.

Here’s a list of top economics jobs, including details about what you can expect and skills required.

Economist careers

A professional economist will research and analyze economic data, issues, and trends. You will need to complete a postgraduate degree in economics to be qualified to work as an economist. A professional economist will also need to be able produce economic forecasts and reports that can be presented to clients (individuals or financial institutions) and provide business advice.

Local and national government, private and public banks, insurance companies, think tanks, large multinational corporations, financial consultancies and accountancy firms are all possible employers. This role requires a solid understanding of current affairs and economic contexts.

Bank jobs in Economics

Economists are attracted to banking careers. These jobs offer great earning potential and high demand. A background in economics is highly valued for roles in financial management, financial planning and risk analysis. Bank careers focus on advising and providing services to a wide range of customers and clients, with a strong emphasis on meeting the financial needs of their clients.

Accountancy careers in economics

Further professional qualifications are required to become a qualified accountant. However, economics graduates can find many roles in accountancy. You can work in multiple industries and be an accountant. Your job focuses on the financial position of an individual, company, or organization. Accounting careers often involve recording, classifying and interpreting financial data.

Strong analytical skills and computer literacy are required for these careers. Accounting jobs are best suited for graduates in Economics who can easily make sense out of complex data sets.

Careers in economics and financial consultancy

Economists and economists are vital to the financial consulting industry and the business world. There are many opportunities for economics graduates to find employment in large and medium-sized companies that need to conduct economic research. A role as an economic researcher requires a thorough understanding of economic theories, models, analytical and problem solving skills, and mathematical ability. Similar roles would be filled by financial consultants working in the field of economics. However, they might work for multiple clients and produce reports as well as advising on business strategy. This role requires a high level of industry knowledge and understanding of corporate finances.

The public sector offers many opportunities for economic careers

Economists are highly valued in all aspects of public and private spending. The public sector often includes jobs in economics, including transport, commercial, waste and energy services. The recent global recession and tightening of economic regulation worldwide have led to an increase in the demand for economics students.

Careers in economics that involve data analysis and actuarial work

An actuary can be described as a business professional who advises on and evaluates the impact of financial uncertainty and risk. Accurate knowledge of both economics and business is used by actuaries to provide reports and develop strategies for reducing these risks. The majority of the entry-level roles in this field involve insurance and pensions. However, later you may be able move into areas such as banking, investments, or healthcare. Actuaries need to be proficient in mathematics and statistical compiling, as well as able communicate complex data to non-experts.

Careers and jobs in alternative economics

A background in economics can make it seem that almost anything is possible. Other common roles and careers in economics include stockbroker and insurer, business manager (retail merchandizer), retail merchandizer and pricing analyst, statistician and financial consultant, and salesperson.

If none of these interests you, what are you able to do with an economics degree? These are just a few of the options you might want to explore: international development and human resource management, journalism law, management, marketing research, politics, public relation, taxation and taxation. Or you can even start your own business as an entrepreneur!

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