World Bank Group Launches First Digital Strategy Focused on AI and Jobs
Why in the news
The World Bank Group (WBG) has launched its first comprehensive digital strategy. It was announced in Seoul, South Korea, and reported on 20 October 2026.
Key facts
- Focus areas: artificial intelligence, affordable internet access (digital connectivity) and job creation.
- Affordable AI: WBG President Ajay Banga stressed low-cost AI tools that can lift productivity and improve public services.
- Sectors targeted: infrastructure, energy, agriculture, healthcare, tourism and manufacturing, where digital technology is to boost productivity and employment.
- Access gap: the strategy aims to widen access to technology in developing economies.
Numbers to remember
| Indicator | Figure |
|---|---|
| Young people expected to enter the workforce in developing countries | About 1.2 billion over the next 10-15 years |
| People still offline globally (2025) | More than 2 billion |
About the World Bank Group
The World Bank Group is a global development lender that finances projects in developing countries. It is currently headed by President Ajay Banga. The new strategy links its digital work directly to its jobs agenda, as a very large number of young people are set to look for work in the coming years.
Exam angle
- Place of announcement: Seoul (South Korea).
- Head of the World Bank Group: Ajay Banga.
- Key data: 1.2 billion young job seekers; over 2 billion people offline in 2025.
- Three pillars: AI, affordable connectivity and jobs.