Game
Norris puts McLaren on top in Singapore GP, Russell crashes
字号+ Author: Source:PG Game 2025-01-16 00:14:09 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
-
On the brink
2025-01-15 23:55
-
Tessori visits Arshad Nadeem
2025-01-15 23:04
-
Stocks suffer losses on eve of IMF meeting
2025-01-15 22:39
-
Quiz
2025-01-15 22:15
User Reviews
Recommended Reads
Hot Information
- Biden expresses concern over Israel-Hezbollah tensions, vows to prevent wider conflict
- DNA report confirms Jacobabad polio worker was sexually assaulted
- 5 suspects arrested in 65 intelligence-based operations across Punjab: CTD
- Accepting ECP plea, SC sets aside LHC order on poll tribunals
- Police crackdown on PTI workers
- Govt determined to make Pakistan top destination for business, investment: minister
- Chichawatni blasphemy suspect arrested from Islamabad
- JUP-N chief seeks judicial commission to probe Umerkot doctor’s murder
- From The Past Pages Of Dawn: 1949: Seventy-five years ago: Sinkiang joins Red China
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content