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Aleksandra Posarac. Is Disability “Bankable”? Investing in Disability Yields Significant Returns It generates higher economic returns through more efficient.

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Presentation on theme: "Aleksandra Posarac. Is Disability “Bankable”? Investing in Disability Yields Significant Returns It generates higher economic returns through more efficient."— Presentation transcript:

1 Aleksandra Posarac

2 Is Disability “Bankable”? Investing in Disability Yields Significant Returns It generates higher economic returns through more efficient use of labor force and increased individuals’ and overall productivity Reduces the social costs. Increased chances for disabled people participation in economic and social life reduce the probability that they will become burdens on social expenditures Contributes to greater social equity, inclusion and cohesion. Human capital formation, development and maintenance is particularly important for those disabled people who otherwise might not have a chance to break the cycle of poverty, deprivation and social exclusion Increases efficacy of individual social sector programs. Enables greater labor force participation of other family members, thus improving the overall family welfare.

3 Disability and Inclusive Development Poverty appears to be associated with disability and disability may exacerbate poverty MDGs cannot be met without including people with disabilities in school and health services, nor can extreme poverty be halved without improving labor market access to them and extending assistance to households with disabled members in need

4 Neglecting Disability Comes at Economic and Social Cost 1/3 of primary school aged children who are out-of- school have disabilities or are looking after family members with disabilities Forgone earnings, fiscal revenues and fiscal cost of support About 5-7% of world GDP is foregone because of inadequate integration of people with disabilities in the labor market and with lack of social services and accessibility. Family members withdraw from the labor market to meet these needs.

5 - Interventions that fit countries’ development priorities - Limited development resources (trade-0ffs) - Prioritization of Bank support/investment - Making disability part of the country based model if and when consistent with countries’ needs and priorities and resources - World Bank Country Based Model and Disability

6 What can we do? ESW Poverty assessments Vulnerability reports Sectoral reviews, notes and reports CEMs Vulnerability reports

7 What can we do? Projects Components and activities in a range of projects cutting across many sectors Cost-efficient interventions Affordable, sustainable and customized solutions DO NOT EXCLUDE

8 Building a knowledge base Knowledge generation Evidence/data Good practice examples Key: How to question


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