Game
Annual World News Day to be marked on Sept 28 to highlight importance of fact-based journalism
字号+ Author: Source:PG Game 2025-01-15 18:25:40 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
-
Bangladesh army chief pledges support for Yunus’ interim govt ‘come what may’
2025-01-15 17:43
-
Events planned to mark Women’s Week from 23rd
2025-01-15 17:24
-
Pindi board’s HSSC Part-I results announced
2025-01-15 17:14
-
Two robbers killed in ‘police encounters’
2025-01-15 16:53
User Reviews
Recommended Reads
Hot Information
- Karachi traffic blues
- Extension sought in date for filing tax returns
- 40 clinics sealed for not reporting dengue cases
- 600 seek refuge from Israeli strikes in monastery in south Lebanon, residents say
- Young Palestinian man wounded by Israeli forces in Bethlehem: report
- Three cops suspended for torture of guard
- Action sought to curb drugs use in educational institutions
- A power sector malady
- PML-Q plans hospital in Gujrat
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content