World Bank President Ajay Banga has warned that 1.2 billion young people will enter the global workforce over the next 25 years, but current economic growth is failing to create sufficient job opportunities. Speaking at the World Bank–IMF Annual Meetings in Washington, Banga emphasized that the world must prepare now to avoid a massive generational failure. He noted that by 2050, 85% of the world’s population will live in developing countries, where lack of education, skills, and employment could trigger inequality and instability. Banga stressed the importance of job creation in five key sectors—infrastructure and energy, agriculture and agribusiness, healthcare, tourism, and mineral production and processing—and urged developing countries to modernize these sectors to attract private investment. He also called for global unity and compassion, reminding that employment, climate change, and governance are shared global challenges.
World Bank President Ajay Banga has said that over the next 25 years, 1.2 billion young people will enter the global workforce in search of jobs. However, there are not enough employment opportunities being created for them.
The ‘1 Nojor’ media platform is now live in beta, inviting users to explore and provide feedback as we continue to refine the experience.
