Politics · Netherlands · 11 hrs ago
World Bank chief says job growth must be a priority in poorer countries
World Bank President Ajay Banga says creating jobs should be a top priority in emerging and poor countries.
He warns that employment is not growing fast enough in many ageing countries to absorb new workers.
Without enough jobs, he says, unrest could increase.
Banga pointed to Morocco, where 5,000 people tried to reach Spain.
He says young people need the chance to build productive futures.
The World Bank is giving job growth greater weight when it finances projects.
It is also seeking more support from private lenders, which contributed $112 billion in the previous financial year.
World Bank President Ajay Banga says job growth should be a top priority in emerging and poorer countries.
He warns that a lack of jobs could increase social unrest.
Banga says young people need the chance to have a productive future.
He points to Morocco, where 5,000 people tried to reach Spain.
The World Bank is increasingly seeking commercial lenders, which contributed $112 billion in the previous fiscal year.
- Who
- World Bank President Ajay Banga.
- What
- He says job growth should be a top priority for projects in emerging and poorer countries.
- When
- Not stated.
- Where
- Emerging and poorer countries; he cites Morocco as an example.
- Why
- Banga says job growth can help give young people a productive future and reduce the risk of unrest.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- World Bank president
- Ajay Banga
- Job-growth priority
- Emerging and poorer countries
- Morocco example
- 5,000 people tried to reach Spain
- Commercial lenders
- Contributed $112 billion in the previous fiscal year
What people are saying
We must ensure that young people have a productive future.
Look at Morocco, where five thousand people tried to reach Spain.
Sources
Related news
Wadden Sea centre faces bankruptcy after public funding offer withdrawn
Rainbow flags raised across the Netherlands, several stolen in Oldebroek
Mona Keijzer’s speech divides NSC members at party congress
NSC party meeting ends in chaos as entire board resigns
Opposition parties oppose tax increase in government plan
Dutch pension increase leaves some recipients with €86 more
Dutch government plans to require heat pumps when boilers need replacing from 2029
Dutch cabinet and opposition negotiate over the box 3 tax problem
Utrecht job goes to candidate with non-Dutch background if suitability is equal
Wadden Sea World Heritage Centre applies for bankruptcy
