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Developing nations: Aurangzeb seeks stronger World Bank, IMF support
BANGKOK: Federal Finance Minister Muhammad Aurangzeb has called for reforms to the global financial system, warning that trade barriers and climate change are creating additional challenges for developing economies. Addressing the G-24 Central Bank Governors’ meeting in Bangkok as the group’s first vice-chair, Aurangzeb highlighted the financial constraints faced by developing countries and called for timely international assistance to support their development needs. He said tighter financing conditions and limited access to financial resources were making it increasingly difficult for develo...
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