The World Bank has announced a new strategy aimed at expanding digital connectivity and making internet access more affordable in developing countries, as millions of people continue to face barriers to getting online.
The Washington-based financial institution announced the initiative on Monday, highlighting the importance of digital technology in creating jobs, improving access to services and helping countries make better use of limited resources.
“Digital technology can help countries create jobs and make scarce resources go further,” World Bank President Ajay Banga said.
“Realizing that potential requires a comprehensive approach — from reliable connectivity and affordable devices to digital skills and useful services,” he added in a statement.
According to the World Bank, developing countries are facing growing economic pressures as their populations expand and the demand for employment increases.
The institution projected that about 1.2 billion people in developing countries would reach working age over the next 10 to 15 years. However, these economies are expected to generate only around 420 million jobs during the period, leaving a significant gap between the number of people seeking work and available employment opportunities.
The World Bank said expanding digital access could help countries respond to these challenges by supporting economic growth and opening up new opportunities.
Under the new strategy, the bank plans to support the development of connectivity infrastructure while helping to reduce the cost of entry-level smartphones and broadband internet services.
The initiative will also focus on expanding access to digital services, improving digital skills and exploring targeted applications of artificial intelligence to support development.
Major Gap in Internet Access
The World Bank highlighted the significant difference in internet usage between low-income and high-income countries.
According to the institution, only 23 per cent of people in low-income countries use the internet, compared with 94 per cent in high-income countries.
The gap underscores the challenges faced by poorer nations in accessing digital opportunities, including online education, employment, business services and other essential resources.
Through its new strategy, the World Bank aims to make digital connectivity more accessible and affordable, particularly in countries where limited infrastructure and high costs continue to prevent many people from going online.
Source: AFP
