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Egyptians and agencies
March 11, 2019 – 22:59
World Bank Group Vice President Mahmoud Mohieldin said on Monday that the cost of destruction and lost growth opportunities in the Arab countries, which had experienced wars between 2010 and 2018, had risen to 900 billions of dollars.
A senior official at the World Bank, the cost of destruction and growth opportunities have been lost "in a very conservative and minimal way," according to the official Kuwaiti news agency.
Following the outbreak of the Arab Spring revolutions in Yemen, Syria and Libya in 2011, these countries witnessed armed conflicts that greatly affected their economies and infrastructure, as well as the devastation caused by the organization. terrorist "Da" ash "in countries such as Syria and Iraq. .
Mohieldin is currently visiting Kuwait as part of the annual follow-up and review with countries of the 17-year Sustainable Development Goals calendar for the year 2030, which was decided by the United Nations in 2015, according to the same source.
Mohieldin pointed out that Arab countries have the worst performance in the world for the income distribution index, with the richest 10% in the Arab world accounting for 60% of national income, compared to 45% in Europe, for example.
Mohieldin said the World Bank group predicted oil prices would reach $ 69 to $ 74 per barrel in 2019-20, respectively.
World Bank Group Vice President Mahmoud Mohieldin said on Monday that the cost of destruction and lost growth opportunities in the Arab countries, which had experienced wars between 2010 and 2018, had risen to 900 billions of dollars.
A senior official at the World Bank, the cost of destruction and growth opportunities have been lost "in a very conservative and minimal way," according to the official Kuwaiti news agency.
Following the outbreak of the Arab Spring revolutions in Yemen, Syria and Libya in 2011, these countries witnessed armed conflicts that greatly affected their economies and infrastructure, as well as the devastation caused by the organization. terrorist "Da" ash "in countries such as Syria and Iraq. .
Mohieldin is currently visiting Kuwait as part of the annual follow-up and review with countries of the 17-year Sustainable Development Goals calendar for the year 2030, which was decided by the United Nations in 2015, according to the same source.
Mohieldin pointed out that Arab countries have the worst performance in the world for the income distribution index, with the richest 10% in the Arab world accounting for 60% of national income, compared to 45% in Europe, for example.
Mohieldin said the World Bank group predicted oil prices would reach $ 69 to $ 74 per barrel in 2019-20, respectively.
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