Dhaka, Oct 11 (UNB) - Bangladesh has performed better than the South Asian average as well as the Lower Middle-Income average in all criteria except for stunting, says a new World Bank report on Thursday.
In Bangladesh, stunting and quality of education holds back a child for achieving her full potential. With current education and health conditions, a child born today in Bangladesh will be 48 percent as productive as she could have been.
The new World Bank research gives policymakers compelling evidence that delivering better outcomes in children’s health and learning can significantly boost the incomes of people—and of countries—with returns far into the future, according to a message received from Bali, Indonesia.
A Human Capital Index, launched at the World Bank-IMF annual meetings, shows that 56 percent of children born today across the world will lose more than half their potential lifetime earnings because governments are not currently making effective investments in their people to ensure a healthy, educated, and resilient population ready for the workplace of the future.
“For the poorest people, human capital is often the only capital they have,” World Bank Group President Jim Yong Kim said.
“Human capital is a key driver of sustainable, inclusive economic growth, but investing in health and education has not gotten the attention it deserves. This index creates a direct line between improving outcomes in health and education, productivity, and economic growth. I hope that it drives countries to take urgent action and invest more – and more effectively – in their people.
“The bar is rising for everyone,” Kim added. “Building human capital is critical for all countries, at all income levels, to compete in the economy of the future.”
Human capital—the knowledge, skills, and health that people accumulate over their lives—has been a key factor behind the sustained economic growth and poverty reduction rates of many countries in the 20th century, especially East Asia.
The HCI measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and education that prevail in the country where he or she lives. The Index measures each country’s distance to the frontier of complete education and full health for a child born today.
The measure includes: survival – will children born today survive to school age, how much schooling will they complete and how much will they learn, and will they leave school in good health, ready for further learning and/or work as adults?
In Bangladesh, 97 percent of children are likely to survive to age 5, and about 87 percent of 15-year olds are likely to survive to age 60.
Further, a child who starts school at the age of 4 will complete schooling by her 18th birthday.
The country performs well in gender equity. A girl has higher human capital than a boy. But, with about 36 percent children stunted, there is no room for complacency, according to the World Bank.
The HCI reflects the productivity as a future worker of a child born today, compared to what it could be if he or she had full health and complete, high-quality education, on a scale from zero to one, with 1 as the best possible score.
A country score of 0.5, for example, means that individuals – and the country as a whole – are forgoing half their future economic potential. Calculated over 50 years, this translates into deep economic losses: a 1.4 percent annual loss in GDP growth.
Sex-disaggregated data is available for 126 of the Index’s 157 countries. For this subset of countries, both boys’ and girls’ human capital is still far from the frontier of potential human capital accumulation.
In most countries, the human capital gap for both boys and girls from the frontier is larger than the gap between boys and girls.
“Over the last decade, our government has consistently improved human capital and created better opportunities for our population. From independence in 1971, the country has come a long way,” said Finance Minister AMA Muhith.
He said, “We’ve reduced child and maternal mortality, and the fertility rate. Bangladesh is among the few developing countries to achieve gender parity in school enrollment. This progress is captured in the Human Capital Index.”
“Bangladesh’s strong track record of poverty reduction and development shows that with the right policies and actions, further progress is possible,” said Qimiao Fan, World Bank Country Director for Bangladesh, Bhutan, and Nepal.
The Index is part of the World Bank Group’s Human Capital Project, which recognizes human capital as driver of inclusive growth.
In addition to the Index, the Human Capital Project includes a program to strengthen research and measurement on human capital, as well as support to countries to accelerate progress in human capital outcomes.
Dhaka, Oct 11 (UNB) – The Appellate Division of the Supreme Court on Thursday directed the chief metropolitan magistrate (CMM) of Dhaka to return the passport of Nagarik Oikya convener Mahmudur Rahman Manna for three months as he can go abroad for treatment.
A six-member SC bench led by Justice Muhammad Imman Ali passed the order after disposing off a petition filed in this regard.
The court also asked Manna to surrender his passport after returning home.
Earlier on August 24, 2017, the Supreme Court asked the lower court to return his passport for going abroad for treatment.
On November 28, 2016, the Supreme Court upheld a High Court order that granted bail to the Nagarik Oikya convener in two cases.
The SC also asked him to submit his passport to the lower court.
The two cases were filed against him with Gulshan Police Station on February 24 and March 5, 2016 on charges of provoking the army and sedition respectively.
Dhaka, Oct 11 (UNB) – The High Court on Thursday once again extended till October 15 the bail of BNP chairperson Khaleda Zia in the Zia Orphanage Trust graft case.
A HC bench of Justice M Enayetur Rahim and Justice Md Mostafizur Rahman passed the order following a petition filed by Khaleda's lawyer, said Barrister Kawser Kamal.
The court also adjourned the hearing till Sunday on the review petition filed by the BNP chief against a lower court verdict sentencing her to five years' imprisonment in the graft case.
On October 8, the High Court extended till October 11 the bail of BNP chairperson Khaleda Zia in the case.
Earlier on October 3, a HC bench extended the bail of Khaleda Zia in the case till October 8.
A petition was filed with the High Court seeking an extension of its earlier order granting four-month bail to Khaleda Zia in the Zia Orphanage Trust graft case on July 5.
On March 12, the HC granted four-month bail to her in the case which expired on July 12.
On February 8, the Dhaka Special Court-5 convicted the former prime minister and BNP chairperson and sentenced her to five years' imprisonment in the Zia Orphanage Trust graft case.
She was then sent to the abandoned central jail at Nazimuddin Road in the city.
Benapole, Oct 11 (UNB) – Members of Border Guard Bangladesh (BGB) seized India- made sex stimulating tablets worth Tk 1.35 lakh from Goyra bordering area here on Wednesday.
Tipped off, a team of BGB-49 conducted a drive in the area and recovered the tablets in the afternoon, said Colonel Ariful Haq, commanding officer of BGB-49.
The seized items were deposited to Benapole Customs House and a case was filed in this connection, he added.
Dhaka, Oct 10 (UNB) – The High Court on Wednesday set October 14 to pass its order on a review petition seeking stay on the trial proceedings in Zia Charitable Trust corruption case in her absence.
A bench of Justice Obaidul Hassan and Justice SM Kuddus Zaman set the date after concluding the hearing of the petition filed on September 27.
On September 20, Special Judge’s Court-5 ordered continuation of the trial proceedings of the case at the Old Dhaka Central Jail in absence of BNP chairperson.
Law, Justice and Parliamentary Affairs Ministry issued a gazette notification to hold the trial of Khaleda in the case at the jail after setting up a makeshift court there on September 4.
The case was filed by the Anti-corruption Commission with Tejgaon Police Station in August, 2011, accusing Khaleda and three others of abusing power to raise funds for the trust from unknown sources.
The BNP chairperson has been serving five years rigorous imprisonment as she was convicted in the Zia Orphanage Trust graft case on February 8 this year.
Currently, Khaleda Zia is admitted to the BSMMU for better treatment in compliance with a court order.
The High Court on October 4 directed the government to immediately admit Khaleda Zia to the BSMMU and form a five-member medical board afresh for her treatment.