Enhancing access to knowledge and financing to safeguard human capital
The most important resource in a society is its human capital — or the collective knowledge, skills, and health that people accumulate throughout their lives. From early childhood development through formal education and healthy aging, human capital enables individuals to realize their full potential as productive members of society. As new employment markets arise and shift the skills needed for societies to prosper, human capital allows individuals and societies to adapt and thrive.
Safeguarding human capital is no simple task, especially as national health priorities transition from communicable diseases toward NCDs. More people than ever are living beyond the age of 60, but longevity does not necessarily equate to good health. While a longer life is a valuable resource, declines in physical and mental capacities at later stages in life strain health systems around the world. Moreover, NCDs across different stages of life affect the productivity of people both immediately and long term, and the cost of inaction to prevent complications arising from NCDs has the greatest impact on elderly populations. This raises the question of how to ensure that people can get to later stages of life in good health and with practical skills. Many of the World Bank’s projects in partnership with Access Accelerated work to enhance individuals’ abilities to age healthily, particularly by prioritizing access to new knowledge and financing. This allows the World Bank to identify new ways of aging, with older members of society remaining productive, capable, and healthy.
The Healthy Longevity Initiative exemplifies the World Bank’s work in sustaining human capital across the life cycle. The initiative explores the nexus between healthy longevity, NCDs, and human capital and identifies future policy needs related to the preservation of human capital in adults. HLI aims to provide new knowledge and access to financing to promote and enhance healthy longevity and address its implications for low- and middle-income countries (LMICs) through supporting cutting-edge research and policy dialogue on healthy longevity. The project works in three broad areas: economic analysis and sectoral knowledge, interventions and strategies and data and measurement.
Capacity in these three areas is key in documenting how NCDs affect productivity and human capital, and the implications for policies, programs, and funding structures for NCDs that are also more effective in addressing gender-based gaps in health and human capital outcomes. The work identifies whole-of-society approaches to stimulate healthy longevity and estimates the types of investments needed to improve the underlying data infrastructures in countries. This project alone produced 17 papers and 3 country-specific data dashboards. The World Bank’s work in countries such as Colombia, Mexico, Sierra Leone, and India, among others, continues to inform future NCD investments and expand NCD service delivery.
Through a focus on human capital across the life cycle, the World Bank positions the prevention and management of NCDs at the forefront of economic growth and development. This shift in understanding how the growing burden of NCDs impacts human capital and development presents an important opportunity for the global health community to identify and prioritize NCD action that safeguards people’s prosperity. The World Bank’s work on human capital and NCDs also offers lessons on the value of knowledge generation to create enabling environments which understand the breadth of needs for women and men living with NCDs as well as the urgency with which they ought to be addressed.
IFPMA renounces any liability or responsibility for any damages of any nature whatsoever resulting from the use of, inability to use, and/or reliance on the material and information contained on our website. IFPMA makes no representations or warranties as to the completeness or accuracy of any of the information available on the website as well as does not provide any warranties regarding the security of the content of our website or any linked websites. IFPMA endeavours to make its best effort to keep the information accurate and updated on a regular basis, however this is not claimed to be exhaustive. IFPMA does not guarantee that the website is continuously available and error-free at all times.
We constantly analyse our website logs to improve the value of our website. We do not use this analysis to record or track any personally identifiable information of our visitors. If you are asked to provide personal information such as your name, e-mail or/and postal address when requesting information, providing feedback, registering to a newsletter, or using any other functions of the website, be assured that all such information is considered by IFPMA both private and secure. IFPMA does not share or sell your personal information to third parties. Under no circumstance will details be disclosed publicly, except in order to comply with any legal obligation. This policy reiterates that IFPMA fully appreciates the importance of online privacy and is committed to protecting your personal information.
To enable IFPMA to process any order or registration to an event, a secure online payment system may be used to process payments using credit card details. IFPMA will not be collecting or storing credit card details in our system.