Ajay Banga and the World Bank Address Global Youth Unemployment Crisis

Saturday, 17 August 2024, 08:30

Ajay Banga's World Bank initiative aims to combat youth unemployment by launching a council to tackle the impending jobs crisis. With 1.2 billion young people poised to enter the workforce in the Global South, urgent action is essential. The initiative seeks to identify effective policies and provide job opportunities for young people facing significant job scarcity.
South China Morning Post
Ajay Banga and the World Bank Address Global Youth Unemployment Crisis

Ajay Banga's Vision for Employment

Ajay Banga's leadership at the World Bank underscores a proactive approach to an alarming challenge: the looming jobs crisis for youth in the Global South. The new High-Level Advisory Council on Jobs, headed by Tharman Shanmugaratnam and Michelle Bachelet, emphasizes actionable strategies to bolster employment. As 1.2 billion young people transition to working age, only a fraction will find available jobs, risking social and economic stability.

The Role of the Council

  • The council will convene experts from government and academia.
  • Strategies will be tested in various countries to find effective models.
  • Focus will be on creating substantial job opportunities for young individuals.

Broader Implications

The initiative reflects a necessary shift from market-driven solutions to a model that prioritizes collective action and aims to address socioeconomic disparities. Climate change and educational demands necessitate greater collaboration among institutions to forge a brighter path for future generations.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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