The world is facing a looming jobs crisis. Cities can help

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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World Bank Group Launches High Level Council to Tackle Looming Jobs Crisis

Council to be co-chaired by the President of the Republic of Singapore Tharman Shanmugaratnam and former President of the Republic of Chile Michelle Bachelet

WASHINGTON, Aug. 12, 2024—The World Bank Group today announced the launch of the High-Level Advisory Council on Jobs, a new initiative that will identify actionable policies and programs to address the looming jobs crisis in the Global South.

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