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In Myanmar, the education system was already challenged by chronic underfunding, fragmentation, poor quality, and unequal access. Key workplace skills were lacking for businesses to thrive. The impact of the coup and ongoing conflict has made this situation worse, and the education system has collapsed.
The education of Myanmar’s young people has been jeopardised, and it is expected that this situation will persist for several years. Myanmar is in danger of losing significant human capital which will affect the social and economic status of the country for decades. There will be a lost generation who lack the knowledge and skills to support the development of their economy, run the infrastructure and improve public welfare.
If this problem goes unaddressed, the social and for-profit investors will find it a challenge to source personnel and partners with sufficient capacity to collaborate with, which will impede Myanmar to participate effectively in causes that are of common strategic importance to the region.
It is clear that there is a pressing need to tackle the issue of losing significant human capital in Myanmar, and Prospect Burma has the solution for this.
At Prospect Burma, we aim to address the issue of losing significant human capital by providing scholarships for eight young people to study a two-year Master’s degree at regional universities in 2023-24.
These young people will be drawn from under-served and diverse backgrounds who have the vision, dedication and established career path to take forward their learning to fill critical gaps in expertise required within Myanmar. The supported scholarships will contribute to key areas fundamental for the creation of an enabling environment for social investment: