World Bank Launches Plan to Improve Digital Access in Developing Nations

The World Bank announced a new plan on Monday to improve internet access and digital technology in developing countries. The goal is to make digital services more affordable and accessible, which could help create jobs and use resources more efficiently.

Ajay Banga, the President of the World Bank, emphasized that digital technology has the potential to transform economies. He stated that achieving this potential requires a comprehensive approach that includes reliable internet connections, affordable devices, digital skills, and useful services.

According to the World Bank, developing countries are facing significant challenges. In the next 10 to 15 years, about 1.2 billion people in these nations will reach working age, but the economies are expected to create only around 420 million jobs. This gap highlights the urgent need for better digital infrastructure.

The new strategy focuses on improving connectivity infrastructure and reducing the cost of entry-level smartphones and internet services. It also aims to expand access to digital services and explore the use of artificial intelligence in targeted ways.

Currently, only 23% of people in low-income countries have access to the internet, compared to 94% in high-income countries. This disparity underscores the importance of the World Bank’s initiative to bridge the digital divide.