The World Bank Group is highlighting the importance of job creation and economic growth in Latin America and the Caribbean, emphasizing partnerships with governments and the private sector to generate employment opportunities. According to the organization, about 1.2 billion young people in developing countries are expected to reach working age over the next decade.
A recent report titled "Transformational Entrepreneurship for Jobs and Growth" argues that entrepreneurship could help break the region’s pattern of low economic growth by creating jobs, increasing productivity, and driving innovation.
Artificial intelligence is also playing a growing role in higher education across Latin America and the Caribbean. The World Bank’s report "Artificial Intelligence Revolution in Higher Education: What You Need to Know" discusses how AI-based tools are providing scalable and personalized solutions that can improve educational access, efficiency, and equity. The report outlines advances in AI as well as challenges and recommendations for ethical integration.
Another World Bank publication, "Reclaiming the Lost Century of Growth: Building Learning Economies in Latin America and the Caribbean," points out that limited capacity to adopt new technologies has contributed to slow economic performance in the region. The report states there is an urgent need for changes in how new technologies are learned and implemented.
In environmental efforts, the World Bank assessed both economic and ecological aspects of marine resources in the Galápagos Islands. The study identified critical infrastructure needs such as better waste management systems, which are essential for protecting local environments, supporting industries, and maintaining community well-being.
The organization also notes that improved public transport can support job creation by making it easier for workers to access employment opportunities. Modernization projects aim to enhance mobility while promoting sustainability throughout Latin America and the Caribbean.
Despite having experienced some of the lowest global economic growth since 2015, labor force surveys indicate that employment growth rates in Latin America and the Caribbean have kept pace with other regions. However, generating quality jobs that increase productivity remains a major challenge.
Women's participation in the workforce is highlighted as crucial not only for equality but also as a driver of sustainable development and poverty reduction. The World Bank is engaged across various initiatives aimed at enabling women’s full contribution to economic growth.
Additionally, a comprehensive tool offering country-specific gender profiles helps monitor progress on gender equality across 11 areas within Latin America and the Caribbean. This resource provides policy options based on evidence-driven practices intended to close gender gaps.
Investments aimed at strengthening health systems are seen as vital for improving quality of life while also building human capital necessary for sustainable development throughout the region.
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