World Bank President Calls for Private Investment and Technology to Tackle Jobs Crisis
Around 1.2 billion young people in developing and emerging economies are expected to reach working age over the next 10 to 15 years. However, under current trends, only 400 million jobs are likely to be created, potentially leaving a shortfall of 800 million jobs. To address this challenge, World Bank Group President Ajay Banga has called for greater private investment, wider use of technology and reforms in development financing.