World Bank: Middle East needs 300 million jobs

by **claud39** Fri Dec 21, 2018 9:12 pm

http://www.alliraqnews.com/modules/news/article.php?storyid=79864

[ltr]World Bank: Middle East needs 300 million jobs[/ltr]

2018/12/21

World Bank: Middle East needs 300 million jobs Story_img_5c1cf4e2f209b

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The Middle East and North Africa (MENA) region needs 300 million new jobs by 2050, the World Bank said on Friday. [/ltr]

[ltr]This was made by Vice President of the World Bank Group for the Middle East and North Africa Farid Belhadj, on the sidelines of a conference in Tunis.
Belhadj called for the need to exploit human resources through reforming education, keeping up with the progress train, supporting the competencies and the private sector.
Today, Tunisia is witnessing a World Bank conference entitled "Investing in Human Capital for a Better Future for the Region", which presented two reports on world development in 2019 and education in the region.
"All countries in the region must create 10 million jobs each year by opening up the private sector as the engine of the economy," Belhadj said. "The country supports and supports, but it is unable to provide all employment opportunities."
The World Bank's "World Development 2019" report called for North African and Middle East countries to invest in human capital, especially early childhood education, social protection and budget space.
"If governments [in the region] do not move now, invest in quality education, and improve learning, many of these young people will face a life full of frustration and disappointment, with implications and implications not only for the region," the World Bank said earlier. , But also to the world. "
"The Arab region is rich in human resources, but without resources, qualifications and skills to deal with the job market and integrate into the economic cycle, it will be a major challenge," Tunisian Minister of Investment, Development and International Cooperation Ziad al-Athari told reporters.
He pointed out that "a large part of the jobs will be scattered and will highlight other occupations by technological and digital transformations, which will push governments today to think more about the preparation of youth and childhood revolution of the fourth industrial and digital transformation."
"This requires investment in human capital, and Tunisia was among the first countries to respond to the World Bank's initiative to push for it," he said.
The report of the World Bank [Education in the region] stated that the region occupies the highest position in terms of absolute capacity for educational transition between generations compared to other regions of the world.
Countries in the region are experiencing a low rate of intergenerational income generation, with the achievement of education in the rest of the world closely linked to rising incomes.[/ltr]