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BANKS and hedge funds are draining billions of pounds from poor countries struggling to cope with the Covid-19 pandemic, a report revealed today.
About £10 billion is set to be paid by low-income nations to creditors in the seven months from May to the end of 2020, according to the study by a coalition of campaigns and charities.
The report shows how financial corporations like Blackrock, HSBC, Goldman Sachs, Legal & General and UBS have held developing countries’ feet to the fire over huge debts.
ROGER McKENZIE shines a light on conflicts in Sudan and Nigeria, where Western powers are intent on laying claim to valuable resources necessary for market dominance
Nigeria’s presidential spokesman grovels to the West in response to Washington intimidation, writes PAVAN KULKARNI
