Key facts
- Developing countries face a shortfall of 800 million jobs over the next decade.
- A shift from aid to private-sector investment could help create employment.
Developing countries face a shortfall of 800 million jobs over the next decade, United Nations Development Programme Administrator Alexander De Croo said on Thursday. He spoke with Nikkei on the sidelines of the International Monetary Fund and World Bank meetings in Bangkok. The UN Development Programme launched two initiatives to boost investment and employment, warning that approximately 800 million young people entering the labor market in developing economies over the coming years will not find jobs unless countries act.