World Bank Group
World Bank, UNESCO, UNICEF
2021-12-6
Article on the magnitude of the education crisis. This generation of students now risks losing $17 trillion in lifetime earnings in present value, or about 14 percent of today’s global GDP, as a result of COVID-19 pandemic-related school closures, according to a new report published today by the World Bank, UNESCO, and UNICEF. The new projection reveals that the impact is more severe than previously thought, and far exceeds the $10 trillion estimates released in 2020. In addition, low- and middle-income countries, the share of children living in Learning Poverty – already 53 percent before the pandemic – could potentially reach 70 percent given the long school closures and the ineffectiveness of remote learning to ensure full learning continuity during school closures. Simulations estimating that school closures resulted in significant learning losses are now being corroborated by real data
- COVID-19 Pandemic
- Economic
- Asia
- Brazil
- Central America
- India
- Latin America
- Mexico
- Pakistan
- South Africa
- South America
- South Asia
- Southern Africa
- Sub-Saharan Africa
- Low- and Middle-Income Countries (LMICs)
- Adolescents (boys and/or girls 10-19 years old)
- Children (boys and/or girls 1-10 years old)
- Research
- Article
- Press release