Sport

Iran blast kills more than 50 mine workers

字号+ Author: Source:Game 2025-01-16 01:49:42 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
  • 5 suspects arrested in 65 intelligence-based operations across Punjab: CTD

    5 suspects arrested in 65 intelligence-based operations across Punjab: CTD

    2025-01-16 01:24

  • Anti-power theft operation: Eight booked for attack on Mepco teams

    Anti-power theft operation: Eight booked for attack on Mepco teams

    2025-01-16 01:16

  • Kurram flare-up

    Kurram flare-up

    2025-01-16 01:03

  • Israel army says carrying out more strikes on Hezbollah targets in Lebanon

    Israel army says carrying out more strikes on Hezbollah targets in Lebanon

    2025-01-15 23:39

User Reviews