Poor countries are being "hunting" with high interest rates: UN
Poor countries are being "hunting" with high interest rates: UN UN Secretary -General Antonio Guterres has blamed the richest countries in the world for the difficult life of the citizens of poor countries. He said that rich countries and major energy companies are 'hunting' by raising interest rates of poor countries. Addressing a conference in Doha, the capital of Qatar, on Saturday, the UN Secretary -General said that there are more than 40 countries in the world that are suffering from extreme poverty. He said that rich countries should help others with $ 500 billion annually as these countries are being kept out due to high interest rates from the Capital Market and large energy companies are making record profits. According to Antonio Gitres, it is a 'vicious cycle' in which the economy of poor countries has been trapped and which hinders efforts to improve health and education in these countries. The summit of the 46 most developed countries in the wor...