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Story summary
- The United Nations report finds the gap between rich and poor nations widening as reforms remain unmet and the Seville Commitment stalls.
- The report was released ahead of IMF and World Bank meetings.
- It highlights geopolitical tensions, notably the Iran war, as a drag on growth.
- Li Junhua, UN undersecretary-general for economic affairs, says tensions hinder developing countries' financing.
- It notes rising trade barriers and climate shocks as contributing factors.
