The Limited Times

Now you can see non-English news...

World Bank President stresses that declining investments will hinder economic recovery

2020-06-04T00:33:58.529Z

WASHINGTON-SANA, World Bank President David Malpas announced that the global economy faces enormous losses, noting that



Washington-Sana

World Bank President David Malpas has announced that the global economy faces enormous losses, noting that the recovery will be hampered by a shortage of financial resources needed to offset the losses caused by the Covid 19 epidemic.

In an interview with France Press, Malpas said that the crisis will force developing countries to rethink their economic structures.

The World Bank disbursed $ 160 billion in emergency aid to about a hundred countries, but its president considered that the initial estimates for the epidemic's losses amounted to $ 5,000 billion, less than the truth.

He noted that estimates that 60 million people are below the poverty line are likely to rise as the crisis drags on.

Source: sena

You may like

News/Politics 2020-04-23T00:31:12.373Z
News/Politics 2020-04-16T08:28:08.542Z

Trends 24h

Business 2020-07-01T17:21:47.385Z
Business 2020-07-01T18:40:05.173Z

Latest

business 2020/07/02    

© Communities 2019 - Privacy