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Egypt News: World Bank: Worst Income Distribution Index in Arab Countries This information has been published in official source: Egypt News | – Libération Tuesday, March 12, 2019
Detailed information: the most urgent news from Egypt – Egypt News: World Bank: income distribution index is worse for Arab countries
Egypt News Today – March 12, 2019 – 5:57 pm
Mahmoud Mohieldin, Senior Vice President of the World Bank
"The richest 10% of the Arab world accounts for 60% of the national income, against 45% in Europe, for example," said Dr. Mahmoud Mohieldin, Senior Vice President of the World Bank. Arab countries recorded the worst-ever global performance of the income distribution index, pointing out that the cost of destruction and opportunities for growth lost in the Arab countries, which have experienced wars between 2010 and 2018, s & # 39; is worth $ 900 billion, according to the official KUNA news agency.
The World Bank group expects oil prices to reach $ 69 to $ 74 per barrel in 2019-20, respectively, said the vice president of the World Bank. Mohieddin, currently visiting Kuwait as part of annual monitoring and review with countries on the agenda.
The World Bank group expects oil prices to reach $ 69 to $ 74 per barrel in 2019-20, respectively, said the vice president of the World Bank.
Mohieldin, currently visiting Kuwait as part of annual monitoring and review with countries on the agenda of the 2030 Sustainable Development Goals, emphasized that countries are key indicators for increasing their debts and that these debts weigh heavily on the public budget. Management of the public debt.
He said that Arab countries that had implemented reforms in the area of taxes and subsidies had made gains in the deficit index of the general budget, the budget deficit of Arab countries having risen from 6.3 % to 4.5% over three years, according to the latest World Bank estimates at the end of 2018.
Egypt News: World Bank: Arab countries have the worst statistics in terms of income distribution index or images, but the responsibility lies with the original publisher of information and source News Egypt | -The publisher also carries the copyright and intellectual property rights of the news. This news has been automatically transferred. If you have the news and want to delete it, please refer first to the source of the news, then write to delete them.
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