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World Bank's Banga Warns of 800 Million Job Deficit

4/13/2026

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Story summary
  • World Bank President Ajay Banga warns of a looming job crisis as 1.2 billion people in developing countries will reach working age in 10–15 years.
  • Current projections show 400 million jobs will be created, leaving an 800 million deficit.
  • Banga says finance officials must address challenges, including job creation, clean water, and electricity.
  • The World Bank plans to collaborate with developing nations to improve investment conditions and create better jobs.