Some three million jobs need to be created across the Middle East each year in order to avert the serious threat unemployment is posing to the region, a former World Bank chief has said.
James Wolfensohn, the former president of the World Bank, said more should be done to create jobs for the region’s younger population, the Peninsula reports.
According to the paper, Wolfensohn said on average a student from a Middle Eastern university remains unemployed for three years after graduating.
He warned that the unemployment problem in the region could worsen by 2020 if not tackled effectively. He urged businesses, policy makers and educational institutions to help generate more jobs, the paper reports.
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