Game
IBA project to strengthen entrepreneurial ecosystem
字号+ Author: Source:PG Game 2025-01-15 22:00:02 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
-
Informal waste workers need to be integrated in formal system: ADB expert
2025-01-15 21:48
-
Family of blasphemy-accused Umerkot doctor files FIR against 45 suspects
2025-01-15 21:28
-
‘Still has much to offer’: PCB accepts Babar Azam’s resignation
2025-01-15 20:03
-
Fear grips Ghotki as youth’s murder threatens patch-up between feuding communities
2025-01-15 19:29
User Reviews
Recommended Reads
Hot Information
- Israel military says more than 300 Hezbollah sites targeted in Lebanon
- Sullivan says Israel-Lebanon escalation worrying, justice served in strike on Hezbollah
- Cane growers paid over 99pc of their dues, minister tells PA
- ‘Choose Truth’: Media fraternity marks World News Day to stress importance of fact-based journalism
- Woman’s body found on JPMC premises
- 5 suspects arrested in 65 intelligence-based operations across Punjab: CTD
- Taliban face threat of ICJ hearing over treatment of women and girls
- Fritz loses on day of shocks at Japan Open
- Nasrallah’s murder
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content