Investments in the development of human capital are extremely important for the progress of the country, particularly in the sectors of education, health and social protection. How countries deal with the effects of the COVID-19 pandemic, and the impact on health, education, vulnerable categories of citizens, jobs, building sustainable and inclusive systems resistant to future shocks, promoting economic opportunities and ensuring fiscal stability were topics in the focus of the Human Capital Ministerial Conclave with the World Bank’s Vice-President for Human Development Mamta Murthi and the President of the World Bank Group David Malpass.
Finance Minister Fatmir Besimi highlighted the support that the Government and the Ministry of Finance provide in terms of the investments in human capital, as demonstrated by the country’s accession to the World Bank’s Human Capital Project (HCP), the Ministry of Finance said in a press release.
“Reforms in health, education, and the social sphere have already begun, but there’s still much work to be done. As regards funding in these sectors, increased funds are considered as part of GDP, while having in mind the efficiency of the investments. Reforms we have undertaken in cooperation with the World Bank have enabled more effective government intervention in responding to the effects of the crisis, while facilitating the public services distribution channels. We’re continuing with these key reforms, which are the basis for further growth and development,” Besimi pointed out.
Minister Besimi underlined that vital activities are underway to contribute to promoting human resource development, as one of the pillars of the Strategy for financing rapid growth.
“The measures and activities taken to promote education, science and health, greater activity of the working population, as well as measures to increase social protection, will improve the quality of life of our citizens,” the Finance Minister noted.