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.