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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

UN Chief Condemns Rich Countries ‘Vicious’ Tactics Against Poor

UN leader Antonio Guterres - AP

UN leader Antonio Guterres on Saturday slammed the world's rich countries and energy giants for throttling poor nations with "predatory" interest rates and crippling fuel prices.

Guterres told a summit of the most deprived states on the planet that wealthy nations should provide $500 billion a year to help others "trapped in vicious cycles" that block their efforts to boost economies and improve health and education.

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