Sport
Worker chained at Hasilpur brick kiln rescued
字号+ Author: Source:PG Game 2025-01-16 03:43:28 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
-
Govt invites Chinese enterprises to invest in Pakistan’s energy, petroleum sectors
2025-01-16 03:12
-
A close watch
2025-01-16 02:54
-
Labour federations reject anti-worker codes, plan protests
2025-01-16 01:23
-
Woman gang-raped in Tandlianwala
2025-01-16 01:04
User Reviews
Recommended Reads
Hot Information
- No cooperation with govt on Constitutional Package at any cost: Fazl
- 6 killed, 7 injured in China bridge crash
- All-out measures being taken to prevent Sindh MDCAT paper leak
- ‘N’ leaders vow not to let political strife, militancy derail progress
- Buttler returns as England white-ball captain for WI tour
- Cop among 12 injured in Quetta blast targeting police van
- World Health Organisation declares Pakistan trachoma-free
- Tally rises to 23 as another polio case surfaces in KP
- Armed clash leaves three men dead, four others wounded
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content