World Bank Meeting, Washington DC reveals looming labour crisis in developing countries 

By Osman Mubarik Abu 

The ongoing World Bank Group annual meeting in Washington DC, reveals that in the next decade, 1.2 billion young people will require employment, but only 400 million jobs will be available. 

The Co-Founder of the Tudu Center for Leadership and Development, Osman Mubarik Abu, made this revelation to media personnel at the ongoing 2024 World Bank Meeting in Washington DC.

He indicated that available facts from the World Bank predict this claim and further analysed that, per the data, developing countries would be the worst affected in this labour crisis.

He lamented that there is a current skills mismatch between what graduates are being trained in and what the job market is being sort after. 

He appealed to governments and other stakeholders in Africa and Ghana to be specific and immediately start rethinking and reviewing the current curriculum of education to at least mitigate the pending danger ahead of the crisis against the youth graduating from the institutions.

Mr. Osman, who is participating in the World Bank policy forum during the three-day meeting, featuring experts, held discussions on various issues, including transparency in domestic debts and oversight of public debt, the need to use Agro-food systems as an engine for sustainable growth, and job creation.

Key issue that captured a lot of attention was the transition of green technologies and how create more jobs and the future of work for women and men. 

The discussions also focused on sustainable development and the impact of investing in essential public services. 

The World Bank President Ajay Banga joined experts, including the former Prime Minister of Côte d’Ivoire Patrick Achi, to discuss how to create more dignified jobs for young people, particularly from developing countries. 

H.E. Patrick Achi, a former Prime Minister of Côte d’Ivoire, advised developing countries to immediately consider the low hanging fruit in dealing with the issue of education mismatch by “improving upon the quality of education delivery instead of just churing out graduates from the schools”.

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