News

Investing in people is crucial to economic recovery in Central Asia

A special analysis in the Europe and Central Asia Economic Update focuses on human capital, an area that requires serious attention of the governments given the severe impact of the pandemic on health and education.

Georgia needs more investment in human capital to assure the well-being of its future generations

Young people in the Europe and Central Asia region are being provided with the opportunities needed to grow into productive adults. However, the COVID-19 pandemic is threatening the gains made so far, as governments struggle to maintain health and education services in the face of restrictions to protect public health, including school closings.

Georgia needs more investment in human capital to assure the well-being of its future generations

Young people in the Europe and Central Asia region are being provided with the opportunities needed to grow into productive adults, thanks to continued investments in health and education during their childhood and teenage years, according to the latest update of the World Bank’s Human Capital Index.

COVID-19 Pandemic May Result in a Long-term Human Development Crisis in Central Asia, Warn World Bank Experts

The COVID-19 pandemic can have a detrimental and long-lasting impact on education and human capital, economic and social development in Central Asian countries, where schoolchildren and students make up nearly half of the overall population, warned World Bank experts at an online briefing.

World Bank appoints new country manager for the Kyrgyz Republic

The World Bank announced the appointment of Naveed Hassan Naqvi as World Bank Country Manager for the Kyrgyz Republic.

Hit hard by COVID-19, Afghanistan needs continued international support

Afghanistan’s economy is set to contract by between 5.5% and 7.4% in 2020 because of COVID-19, exacerbating poverty, and leading to a sharp decline in government revenues, according to World Bank in its latest biannual Afghanistan Development Update.

World Bank appoints new country manager for Uzbekistan

Marco Mantovanelli started his assignment as World Bank Country Manager for Uzbekistan on July 1, 2020, replacing Hideki Mori who was in this position since March 2017.

World Bank-supported project finances cash transfers to protect vulnerable children in Tajikistan

Up to 50,000 low-income families with young children in Tajikistan will receive a one-time payment of 500 Tajik somoni as emergency social assistance. These payments are provided as part of the World Bank-financed Tajikistan Emergency COVID-19 Project.

Kyrgyz Republic receives World Bank financing to scale-up disaster resilience and seismic performance of school buildings

The World Bank’s Board of Directors approved Additional Financing for the Enhancing Resilience in the Kyrgyz Republic Project in the amount of $55 million.

World Bank helps Tajikistan inform public on COVID-19 risks

To leverage on increased mobile network connectivity, the World Bank recently launched an SMS-based platform to communicate information about the risks of coronavirus and ways to minimize these risks.