2026-10-16 · 1 statements · 1 actors

World Bank Group President remarks at 2026 Annual Meetings Plenary

World Bank Group President Ajay Banga outlines institutional reforms, private capital mobilisation, the global jobs gap and energy access in Africa.

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Remarks by World Bank Group President Ajay Banga at the 2026 Annual Meetings Plenary 2026-10-16 · org · one of several topics in this statement
Banga says the World Bank Group changed its own operations, including shorter project preparation, fewer scorecard measures, more pay-for-results financing and a rebalanced balance sheet, which he says created more lending capacity.
Remarks by World Bank Group President Ajay Banga at the 2026 Annual Meetings Plenary 2026-10-16 · org · one of several topics in this statement
Banga reports that private capital mobilized by the World Bank rose from about $35 billion in FY22 to $112 billion last year, and that mobilization gains were uneven, flat in low-income countries.
Remarks by World Bank Group President Ajay Banga at the 2026 Annual Meetings Plenary 2026-10-16 · org · one of several topics in this statement
Banga states that 1.2 billion young people will enter a job market projected to offer about 400 million jobs over the next 10 to 15 years, describing a gap of roughly 800 million jobs.
Remarks by World Bank Group President Ajay Banga at the 2026 Annual Meetings Plenary 2026-10-16 · org · one of several topics in this statement
Banga says 59 million people have gained electricity access under Mission 300, with the pace accelerating, and describes a balanced energy mix approach.