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Invest in our kids. Put Child Development Accounts to better use
Oil-rich countries like Kazakhstan are turning their hydrocarbon assets into deposits for child development accounts – holding a lesson for us.
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Child Development Accounts aim to set up children for life by equipping them with assets that generate long-term returns, whether human capital or financial assets.
PHOTO: BERITA HARIAN
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I was in Astana, Kazakhstan, in October to speak at an international conference on child development accounts (CDAs) co-organised by Kazakhstan’s Maqsut Narikbayev University and Washington University in St Louis.
The conference shone a spotlight on the potential for CDAs to spur human capital investment and sustainable economic development across the world, particularly in countries like Kazakhstan that are trying to diversify away from oil and gas dependence.
