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Monday, 13 April 2026
Trade & Economy·IMF

World Bank warns of 800 million job shortfall in developing economies

Monday, 13 April 2026 · 1 min read
Based on: The Hindu

World Bank President Ajay Banga has warned of a looming jobs crisis in developing economies, saying that of the 1.2 billion people expected to reach working age over the next 10 to 15 years, current economic trajectories will generate only around 400 million jobs — leaving a deficit of 800 million. Banga made the remarks ahead of finance officials' talks in Washington this week, where the West Asia conflict is expected to dominate discussions. The warning underscores a structural challenge that could dwarf immediate geopolitical concerns, with hundreds of millions of young people in the developing world at risk of entering adulthood without viable employment.

Sources
The HinduWorld Bank chief sounds alarm about looming jobs crisis even after war ends
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