PG Game
Villager shot dead by robbers in Sargodha
字号+ Author: Source:PG Game 2025-01-16 09:08:06 I want to comment(0)
WASHINGTON: “Economic upheavals of a magnitude previously associated only with major wars and depres
WASHINGTON: “Economic upheavals of a magnitude previously associated only with major wars and depressions” have forced a billion of the world’s poorest people to face a “desperate” future, the President of the World Bank, Robert S. McNamara warned today [Sept 30]. Addressing the joint annual meeting of the World Bank and International Monetary Fund, Mr. McNamara added that the consequences of a continual rise in prices and drop in foreign assistance on those whom he termed “marginal men” could only be described as “appalling”. Describing the plight of the poorest member nations of his 125-member institution, Mr. McNamara said: “Almost every element in the current situation has worked to their disadvantage, and has been compounded even further for many … by natural disasters. … These countries, then need additional assistance on concessionary terms, and they need it promptly. … He urged the wealthy nations to “get on” with the development task, and to be generous too in doing so for the poorest countries. … He said “I believe the World Bank group must expand its lending to the maximum permitted by prudent financial management and the availability of funds.” — News agencies
1.This site adheres to industry standards, and any reposted articles will clearly indicate the author and source;
Related Articles
-
Death row prisoner acquitted after 56 years
2025-01-16 09:02
-
Injured Josh Hull out of Pakistan tour
2025-01-16 08:29
-
UN adopts pact to tackle volatile future for mankind
2025-01-16 08:01
-
SC hears review plea against Article 63-A verdict with Justice Afghan replacing Justice Akhtar
2025-01-16 07:29
User Reviews
Recommended Reads
Hot Information
- Suspects’ bail pleas in illegal powerhouse case rejected
- No funds set aside for 200 ongoing schemes
- PIA suspends flights to Turkiye
- CM Bugti cancels underperforming housing schemes’ NOCs in Gwadar
- Govt declares ‘war on cash’ to rein in tax evasion
- Jan-Mar
- Two children allegedly sexually assaulted
- Balochistan to build new assembly hall despite objections
- 1m farmers registered for Kissan Card scheme
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content