UN chief censures ‘predatory’ lending by rich states

Addressing to leaders of more than 40 of the most underdeveloped nations in Doha, Qatar, Guterres urged wealthier nations to provide $500 billion annually to assist those that are “locked in vicious cycles” that thwart efforts to expand economies and essential services.

The Least Developed Countries (LDC) summit, which takes place every 10 years as usual, has been postponed twice since the coronavirus epidemic began in 2021.

Because their governments are not recognized by UN members, Afghanistan and Myanmar, two of the world’s poorest nations, are not represented at the Doha gathering of 46 LDC members.