Some key findings from the Human Capital Review, a recent World Bank report, emphasize the importance of strengthening human capital in Guinea-Bissau to reduce poverty and foster sustainable growth. The report identifies investments in health, nutrition, social protection, and education as essential for enabling individuals to reach their full potential and contribute to economic growth.
Rosa Brito, World Bank Group Resident Representative in Guinea-Bissau, stated: “The Human Capital Review provides a critical assessment of the current state of human capital in Guinea-Bissau, identifying gaps and offering key insights to inform the government’s development policies and align our operations to the country’s needs.” She further mentioned that the World Bank has approved a $20 million project aimed at driving progress in these sectors.
Human capital involves the knowledge, skills, and health accumulated by people over their lives. In Guinea-Bissau, factors such as climate challenges, gender disparities, and fragility hinder its development.
The report recommends improving access to quality health care to reduce maternal and neonatal mortality rates; enhancing nutrition for pregnant women and young children; expanding access to basic education; establishing a social protection system for vulnerable populations; and developing measures for economic inclusion of unemployed educated youth.
Additionally, it advises reactivating the National Council for Social Protection for better coordination among stakeholders; increasing local participation in service delivery; and setting up a national social registry.