Economy minister:

Iran's human capital records better than global average

EghtesadOnline: The Iranian economy minister says that Iran's Human Capital Index is higher than the global average, highlighting the role of knowledge-based firms in reducing the jobless rate.

News ID: ۸۰۳۸۸۳

14 October 2023

The Iranian Minister of Economic Affairs and Finance Ehsan Khandouzi made the remarks while addressing a meeting of the human capital committee of the World Bank on the sidelines of the World Bank-IMF Board of Governors Annual Meetings which is being held in Morocco this year with the participation of 147 countries.

"The average human capital index in the world is 0.56 and Iran's ranking is higher than this average with 0.59; Of course, in this index, the score of women and girls is higher than that of men," Khandouzi said.

"With regard to the human capital index, we are one of the countries that have a significant position in the West Asia and North Africa region, and the achievements in the field of human capital are ready to be shared with different countries," he added.

He said that the Iranian government attaches great importance to learning technical skills in the education system, saying that learning skills give the younger generation more job opportunities as they are skilful.

"Meanwhile, the unemployment rate of university graduates has decreased from above 13% to around 12% this year," he said, noting that the Islamic Republic of Iran seriously supports knowledge-based companies.

He further noted that those firms have played a significant role in reducing the jobless rate in the country.

The World Bank Group-International Monetary Fund Annual Meetings are being held on October 9-15 in Marrakech, Morocco.

Moreover, on the sidelines of the IMF-WB meeting, the Iranian economy minister held a meeting with his Pakistani counterpart, during which he emphasized the need to quickly organize barter trade between the two countries, and discussed joint investment opportunities to present to third parties. / MNA