US EditionGap between rich and poor nations is growing even wider, UN report says
The report cites a 23% drop in development aid and says tariffs, trade barriers and climate shocks are worsening conditions for poorer nations.
- A new report from The United Nations concludes the gap between rich and poor nations is widening, as pledges from last year's Seville conference remain unfulfilled promises.
- Li Junhua, the U.N. undersecretary-general for economic and social affairs, said geopolitical tensions are compounding struggles of developing countries to attract financing, with trade barriers and climate shocks exacerbating the divide.
- Tariffs imposed by the Trump administration significantly impacted developing nations, with average duties on poorest countries' exports surging from 9% to 28% in 2025, while United States development assistance declined 59%.
- Secretary-General António Guterres criticized the International Monetary Fund and World Bank for favoring rich nations, while IMF managing director Kristalina Georgieva said the Iran war has darkened the global economic outlook.
- The Seville Commitment remains "the best hope" to address the widening financial divide, the report concludes, with implementation of these reforms essential to stabilizing international cooperation.
38 Articles
38 Articles
The gap between rich and poor nations is widening even further, as the measures agreed by many countries last year, including the reform of the major global financial institutions, remain unfulfilled promises, concludes a UN report. The report evaluating the plan adopted in Seville, Spain, last June to reduce the gap and achieve the UN development goals by 2030 was published before next week’s spring meetings in Washington of the International M…
The gap between rich and poor countries continues to widen, while the measures agreed on last year by many countries, including the reform of the major global financial institutions, remain unfulfilled promises, concludes a UN report.
Associated Press News
Gap between rich and poor nations is growing even wider, UN report says
The gap between rich and poor nations is growing even wider as actions agreed to by many countries last year, including overhauling the major global financial institutions, remain unfulfilled promises.
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