Sport

WATCH: Israel’s forces blow up mosque in Gaza’s Rafah

字号+ Author: Source:Game 2025-01-16 02:42:40 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
  • Israeli military claims to hit 60 Hezbollah intelligence targets

    Israeli military claims to hit 60 Hezbollah intelligence targets

    2025-01-16 01:47

  • IBA project to strengthen entrepreneurial ecosystem

    IBA project to strengthen entrepreneurial ecosystem

    2025-01-16 01:47

  • Three suspected mpox patients test negative

    Three suspected mpox patients test negative

    2025-01-16 01:32

  • NA committee discusses key initiatives to enhance environmental resilience

    NA committee discusses key initiatives to enhance environmental resilience

    2025-01-16 01:11

User Reviews