Consider the following statements regarding the recently published Global Human Capital Index The Wo...........

Economic Affairs World Bank and IMF

Consider the following statements regarding the recently published Global Human Capital Index.

The World Bank released a Human Capital Index (HCI) as part of the World Development Report 2019.
The HCI has been constructed for 157 countries.

Select the correct answer using codes given below

1 only

2 Only

Both 1 and 2

Neither 1 nor 2

Both the statements are correct.
The World Bank released a Human Capital Index (HCI) as part of the World Development Report 2019.

About HCI & its Theme]-

Broader theme of the World Development Report (WDR) this year is “The Changing Nature of Work”. As part of this report, the World Bank has launched a Human Capital Project (HCP).
The HCP programme is claimed to be a program of advocacy, measurement, and analytical work to raise awareness and increase demand for interventions to build human capital.
There are three components of HCP- a cross-country human capital measurement metric called the Human Capital Index (HCI), a programme of measurement and research to inform policy action, and a programme of support for country strategies to accelerate investment in human capital.
The HCI has been constructed for 157 countries.