Development
World Bank cites 800 million job gap for 1.2 billion young people
World Bank President Ajay Banga told the 2026 Annual Meetings that 1.2 billion young people will reach the job market while only about 400 million jobs are projected.
Africa
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In prepared remarks at the 2026 Annual Meetings plenary in Bangkok, World Bank Group President Ajay Banga said 1.2 billion young people will enter the job market over 10 to 15 years, while only about 400 million jobs are projected, a gap of roughly 800 million. He described the Bank's jobs strategy and financing shifts.
World Bank cites 800 million job gap for 1.2 billion young people ↗
Development
AfDB prices EUR 1 billion 5-year social benchmark due 2031
African Development Bank priced a EUR 1 billion 5-year social bond at 3.500% coupon, due October 2031, with proceeds for eligible social projects in Africa.
Development
AfDB to press biodiversity finance at COP17 in Yerevan
African Development Bank Group will join CBD COP17 in Yerevan, Armenia, pushing biodiversity finance, nature-based solutions and support for African countries' plans.