Education projects will feature prominently in government’s upcoming collaborations with the World Bank, according to Finance Minister Dr Ashni Singh, who on Monday said it is part of heavy investment being made in the social sector in keeping with the prioritisation of initiatives to promote human capital development.
Addressing a Ministerial Conclave on Human Capital convened by the World Bank Group as part of the International Monetary Fund and World Bank Group’s 2021 Spring Meetings, which are currently being held virtually, Singh emphasised that the government views human capital development “as both a critical prerequisite for and a critical objective of economic growth”.
“…[D]espite the many competing calls on our finite fiscal resources, we are investing heavily in the social sector – education, health, etc. – as well as in facilitative infrastructure such as information and communications technology,” Singh was quoted as saying in a press release issued by his ministry.