Global financial system is failing developing countries, says Ed Miliband
UK foreign secretary will call for World Bank and others to help governments trapped by hefty borrowing costs The foreign secretary, Ed Miliband, will claim…
The Guardian reports: UK foreign secretary will call for World Bank and others to help governments trapped by hefty borrowing costs The foreign secretary, Ed Miliband, will claim the global financial system is failing developing countries, as he calls for a “new deal” for governments struggling under the burden of debt.
This world story centres on the United Kingdom. Names and organisations mentioned in the coverage include Ed Miliband, UK and World Bank.
Why it matters
Events like this can shape regional stability, diplomacy and humanitarian conditions beyond the country where they unfold.
Key details
- Location
- United Kingdom · Europe
- Reported by
- The Guardian
- First reported
- Key names
- Ed Miliband, UK, World Bank, Gleneagles
- Section
- World
- Figure cited
- Promising to throw the UK’s diplomatic weight behind urgent reform, he will evoke the example of the Gleneagles summit under the last Labour government in 2005 – the culmination of the Make Poverty History campaign. (The Guardian)
Sources
This is an independent summary. Read the full, original reporting from the publisher:
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