Paraguay’s FinMin cites PPP to improve investing in human capital

Paraguay’s Minister of Finance Benigno Lopez on Wednesday said investment in human capital should be fulfilled through Public-Private Partnership, stressing that achieving this requires not only money and time, but also requires harnessing all efforts in cooperation with social institutions.

Lopez made those comments during his participation in an event entitled “The Economic and Social Case for Human Capital Investments” at the International Monetary Fund (IMF) and World Bank Group annual spring meetings which is currently held this week in Washington.

The event was attended by World Bank’s CEO Kristalina Georgieva, Paraguay’s Minister of Finance Benigno Lopez, New Zealand’s Minister of Finance Grant Robertson, Dangote Foundation’s CEO Zouera Youssoufou, and was moderated by the BBC’s Michelle Fleury.

Panelists stressed that elevating human capital should not be seen as an expenditure for ministers, but rather an investment, with the HCP serving as a toolkit for countries to make the most impactful investments in their people.

Earlier in January Lopez said that Paraguay , World bank has endorsed the new Country Partnership Framework for Paraguay.

The strategy supports the country’s efforts to promote sustainable growth and institutional strengthening, while supporting investments in human capital, and advancing the fight against corruption, he further noted.

On the other hand, panelists stressed that elevating human capital should not be seen as an expenditure for ministers, but rather an investment, with the HCP serving as a toolkit for countries to make the most impactful investments in their people.