File photo | Logo of the World Bank Group, whose 2025 Global Findex report highlights record growth in formal saving and mobile-money use across developing countries. To address the looming challenge, Banga said it is advancing a jobs-focused strategy built on three core pillars: infrastructure development, business environment reforms, and support for private-sector expansion. Second, the World Bank highlighted the importance of predictable regulations and clear policy frameworks to encourage entrepreneurship and investment. The World Bank identified five sectors with the highest capacity to generate employment at scale: infrastructure and energy, agribusiness, primary healthcare, tourism and value-added manufacturing. The World Bank said the main barrier to investment in developing markets has historically been risk, both real and perceived, rather than lack of opportunity.

Source: Punch March 04, 2026 17:25 UTC