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Rich countries fail to remit Sh200tr development money to third world nations

By Paul Wafula | 9yrs ago
United Nations Conference on Trade and Development (UNCTAD) Secretary General Mukhisa Kituyi delivers a speech during the opening session of the UNCTAD, in Nairobi. (Photo: AFP)

Developed nations failed to remit Sh200 trillion they had promised developing countries in the last decade.

A new report by the United Nations Conference on Trade and Development (Unctad) noted that the failure had impacted heavily on the development agenda of vulnerable states.

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