School closures during COVID-19 have left over a billion students out of school. At the same time, all countries are undergoing the largest economic contractions of our lifetime, reducing public budgets and household incomes. Globally, a school shutdown of 5 months could generate learning losses that have a present value of US$10 trillion. By this measure, the world could stand to lose as much as 16% of the
investments that governments make in this cohort of students’ basic education. Without...
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