The major meetings of the World Bank (WB) and the International Monetary Fund (IMF) begin this Monday, October 21 in Washington. This annual meeting lasts all week. The opportunity for the leaders of the two institutions to advance certain issues. The head of the World Bank, Ajay Banga, has already put two subjects on the agenda: employment and agriculture.
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During an interview with Agence France Presse (AFP), Ajay Banga, the president of the World Bank has defined its priorities: ensuring that young people in developing countries have work and food. For now, the challenge is significant: “ More than a billion people will enter the job market in the next fifteen years “, explains Ajay Banga. But job creation will be limited to 400 million.
Study committee
In hopes of bridging this gap, the World Bank sets up a committee to study the issue. It will be led by the current president of Singapore and the former president of Chile, Michelle Bachelet. Second priority topic addressed this week: improving the agricultural sector in sub-Saharan Africa. The World Bank’s objective is to make agriculture a real business opportunity for small farmers.
Benin as an example
Ajay Banga gives the example of Benin, which recently developed its textile industry to transform its cotton production there. He promised a series of announcements on this thematic during these meetings.
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