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flag World Bank chief urges global cooperation to address economic and security threats from job shortages and protectionism.

flag World Bank President Ajay Banga stressed the continued necessity of multilateral cooperation amid global instability, highlighting the successful 2024 funding round for the International Development Association that mobilized public, private, and philanthropic resources to support poor nations. flag He emphasized the need for reform to strengthen global institutions, noting that rising protectionism and a projected 1.2 billion new workers competing for 400 million jobs pose major economic and security challenges requiring coordinated international action.

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