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Egypt News: Egyptian News: $ 900 Billion of War Loss in Arab Countries in 8 Years This news was published in the official source: Egypt News | – Libération Tuesday, March 12, 2019
With details appeared in the news: Urgent News from Egypt – Egypt News: $ 900 billion war losses in Arab countries in 8 years
Egypt News Today – March 12, 2019 – 6:24 pm
Destruction of wars in the Arab world
"The indicators of the Arab countries are essential to increase their debts and the burden of these debts on the public budget," said Monday Dr. Mahmoud Mohieldin, Senior Vice President of the World Bank Group, in an integrated program to help countries to manage the public debt. The Arab countries, which have completed reforms in the area of taxes and subsidies, have made gains in the deficit index of the general budget, with the Arab countries' budget deficit falling from 6.3% to 4.5% over 3 years, according to the latest World Bank estimates at the end of 2018, "KUNA".
He pointed out that the 10% of the richest in the Arab world accounted for 60% of national income, compared with 45% in Europe, pointing out that Arab countries had the worst global performance in terms of income distribution index and had revealed the cost of destruction and opportunities. The growth lost in Arab countries that have experienced wars between 2010 and 2018 has reached
He pointed out that the 10% of the richest in the Arab world absorbed 60% of the national income, against 45% in Europe, stressing that the Arab countries had the worst global performance of the income distribution index,
Mohieldin revealed that the cost of destruction and loss of opportunity in the Arab countries that experienced wars between 2010 and 2018 amounted to $ 900 billion, knowing that the cost of destruction and growth opportunities lost was "very conservative and minimal".
Kuwait, Senior Vice-President of the World Bank Group, is currently participating in the annual monitoring and review with States of the 2030 Agenda for Sustainable Development, which tackles the global challenges we face. confronted, including poverty, inequality, climate, environmental degradation, prosperity, peace and justice. As well as the consistency of objectives, and to ensure that no one is left behind. (More)
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