Higher education institutions worldwide are undergoing unprecedented digital transformation accelerated by the pandemic. Meanwhile, Covid-19 has also exacerbated pre-existing gender gaps and worsened employment prospects for many young people. Youth employment fell by 8.7 per cent in 2020, more than twice the rate for adults aged 25 and above.
Broadening access to education, however, can unlock economic opportunities. Higher education attainment increases employment rates, job security and lifetime earnings.