AjayBanga, president of the World Bank speaks exclusively to CNBC's Karen Tso about the organisation's response to the conflict in the Middle East, the impact on defence spending, job creation in developing economies, and AI disruption ... .
Underscoring job creation as the core of global development strategy, World BankPresidentAjayBanga has pointed to models like India’s cooperative sector as examples of scalable growth solutions.
Banga emphasised that development efforts must move beyond individual projects and instead focus on broader outcomes such as job creation and economic opportunity.
Banga, a member of the PRAN-RFL Group, is one of Bangladesh's most diversified manufacturers of building materials and household items ... As a result, Banga ... Banga currently employs roughly 9,500 people.
The disruption occurred while Banga was speaking at an event hosted by the Atlantic Council, focused on job creation and economic development in emerging economies ....