(MENAFN- EIN Presswire)
Dr. Gholam Mujtaba
WASHINGTON D.C., WASHINGTON D.C., USA, April 3, 2024 /EINPresswire / -- In a recent statement, Professor Dr. Gholam Mujtaba, Chairman of the Pakistan Policy Institute USA, has expressed serious concerns about the financial mismanagement, corruption, and lack of transparency in third world countries, particularly in Pakistan. He has also highlighted the devastating impact of debt on these countries and their citizens.
According to Professor Mujtaba, the write-off of significant amounts of loans and the misuse of political power to benefit a few individuals is a major issue that needs to be addressed. He believes that this practice not only leads to financial instability and economic disparity but also hinders the development and progress of these countries.
Furthermore, Professor Mujtaba has emphasized the need for transparency and accountability in the management of funds and resources. He believes that without proper oversight and checks and balances, corruption and financial mismanagement will continue to plague these countries, hindering their growth and prosperity.
The impact of debt on third world countries, especially on their citizens, is another pressing concern raised by Professor Mujtaba. He has called for responsible lending practices and the implementation of measures to ensure that loans are used for the betterment of the people and the country.
Dr. Gholam Mujtaba, MD,Ed.D
Pakistan Policy Institute
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