World Bank alerts on 800 million jobs
Ajay Banga, President of the World Bank Group, warned that current conditions could potentially lead to the loss of around 800 million jobs over the next 15 years due to conflicts, rising debt burdens, and reduced fiscal space for countries. The group anticipates that approximately 1.2 billion young men and women will enter the labor market during this period, while global economies will only create about 400 million jobs. The bank's strategy focuses on expanding lending capacity and stimulating private investment to support growth and job creation, while also working to improve infrastructure, increase financing for small projects, and strengthen the water and energy sectors to achieve sustainability.
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