Generative AI is poised to reshape the job market, raising critical questions about its impact on youth unemployment and underemployment. Despite a global surge in college enrollment, many graduates face job markets that fail to match their qualifications, particularly in developing nations. Youth unemployment is alarmingly high, with developing countries struggling to create stable, productive jobs for their educated populations. For instance, over 70% of young workers in Sub-Saharan Africa are in insecure employment. GenAI鈥檚 potential lies in boosting productivity in high-skill service sectors, but it also risks accelerating 鈥減remature de-professionalization,鈥 making white-collar jobs harder to secure. The urges developing nations to adopt AI swiftly to access complex, growth-driving industries. Delayed adoption risks further cycles of unemployment and stagnation for the 1.2 billion youth entering the workforce in the next decade.
World Bank
The World Bank Group's tracks measurable outcomes across key indicators, enhancing transparency and accountability to effectively combat poverty and improve lives.
Investing an extra $500 million annually in developing countries could enhance infrastructure, but strong regulatory frameworks are essential for attracting private investment.
Fighting corruption is vital to the 鈥檚 mission to end extreme poverty and promote shared prosperity on a livable planet. Here are it is doing it.
Amid recent restrictions in Afghanistan, Mumtaz, Ahmad, and Zeyba's lives were upended, but a and project offers a lifeline through community-driven employment and support initiatives.
Adaptive proves to be a profitable investment, reducing poverty, enhancing food security, and bolstering resilience against climate change and shocks.
Over half of the collected revenue from power, industry and new sectors, such as aviation and shipping is used to fund climate and nature programmes.
has partnered with the to support Ukraine rebuild essential logistics infrastructure.
After Cyclone Idai, the Zimbabwe Idai Recovery Project funded by the has been pivotal in helping Nation and his community rebuild and foster long-term resilience.
World Bank's report, assesses the gap between legal reforms and actual outcomes for women in 190 economies.
The global economy seems to be improving as 2024 begins, but caution is in order. The World Bank's indicates that growth is expected to decelerate for a third year in a row. The 2020s are shaping up to be an era of wasted opportunity, with the weakest global growth performance of any half-decade since 1990. The end of 2024 will mark the halfway point of what was supposed to be a transformative decade for development-one that would eliminate extreme poverty, eradicate major communicable diseases, and nearly halve greenhouse gas emissions. Weak economic growth threatens to undermine many global requirements, making it harder for developing countries to generate the investment needed to tackle climate change, improve health and education, and meet other key priorities.
Global growth is projected to slow for the third year in a row, almost three-quarters of a percentage point below the average of the 2010s.
2023 is the year of inequality and it鈥檚 been made tougher by the compounding threats of climate change, fragility, conflict and violence, and food insecurity.
Data literacy is the ability to work with and interpret data. The 鈥檚 Data Use and Literacy Program, delivers a range of activities to build capacity for data literacy and data use, enable data-driven decision-making, and democratize participation in the data revolution across low- and middle-income countries.
Increasing shocks from climate change, a global water crisis, loss of biodiversity, and other challenges continue to drive food insecurity and force more people into hunger. is taking a multi-faceted approach which focuses simultaneously on production, supporting vulnerable households with emergency and resiliency programs, and investing in sustainable food and nutrition. The current approach of responding to food crises through short-term measures is making a difference, it is critical to accelerate the transformation of the global food system