Gap between rich, poor nations widening: United Nations

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, a UN report concluded.

The report assessing the blueprint adopted in Seville, Spain, last June to narrow the gap and achieve UN development goals for 2030 was issued ahead of next week's spring meetings in Washington of the International Monetary Fund (IMF) and the World Bank, the main global financial institutions promoting economic growth.

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The managing director of the IMF, Kristalina Georgieva, said it had been prepared to upgrade global growth, but the Iran war has now darkened the outlook for the world economy.