Ajei Banga, World Bank President, "Compensation Must Be Made for Women's Burdens"

Ajay Banga, President of the World Bank (WB), said on the 25th, "To address population growth, appropriate guarantees for the burdens on women must be ensured."

President Banga made this remark during a meeting with reporters at the Global Knowledge Cooperation Complex in Dongdaemun-gu, Seoul, in response to a question suggesting that "Korea's gender wage gap is cited as a factor in low birth rates."

[Image source=Yonhap News]

When asked about Korea's low birth rate measures, he said, "Young dual-income couples find it difficult to make time for childcare," adding, "The cost of education and childcare has become excessively expensive, placing a burden on households and lowering the desire to raise children."

However, Banga, who is of Indian descent, noted that he is not an expert on Korea's specific issues and added that this is a global problem overall.

Regarding a question about how Korean companies and financial institutions seeking to expand overseas can contribute to developing countries, he said, "Emerging countries need financial capital, technology, and human capital," adding, "Korean banks and companies possess excellent balance sheets, human capital, and technology."

This content was produced with the assistance of AI translation services.