Over the next decade, an unprecedented 1.2 billion young people in the Global South will become working-age adults. However, the job market in these countries is projected to create only 420 million jobs, leaving nearly 800 million people without a clear path to prosperity.
That’s why the World Bank is doubling down on job creation and employment as not just the byproduct of our projects, but the explicit aim of them. Looking to the future, it is clear that urban development will play a key role in that process.
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