09/10/2025
Brussels, Global Gateway Forum 2025 — Ajay Banga, President of the The World Bank Group, delivered a stark message at the Global Gateway Forum 2025 hosted by European Commission President Ursula von der Leyen, highlighting a looming crisis in job creation across emerging markets. Drawing on current estimates, Banga underscored the need for immediate, comprehensive partnership strategies, particularly involving the private sector, to address a projected deficit of 800 million jobs. Learn more here: https://www.topafricanews.com/2025/10/09/world-bank-sounds-alarm-on-800-million-job-gap-calls-for-urgent-private-sector-partnership/ “1.2 billion young people in the emerging markets will become ready for a job in the coming 15 years. The same emerging markets are currently forecasted to produce 400 million jobs for them,” Banga stated. While acknowledging that economic forecasts “made by economists like us” could be wrong, he stressed the gravity of the data, emphasizing: “But they will not be wrong by 800 million“. Addressing this shortfall is crucial, as this generation represents “the power of our future,” driving consumption, growth, and prosperity both globally and within their own countries.
By TOP AFRICA NEWS Reporter Brussels, Global Gateway Forum 2025 — Ajay Banga, President of the World Bank Group, delivered a stark message at the Global Gateway Forum 2025 hosted by European Commission President Ursula von der Leyen, highlighting a looming crisis in job creation across emerging ma...
