Global financial system is failing developing countries, says Ed Miliband

Ed Miliband will say that making the global financial system work better for emerging economies will also help to attract more private investment. Ed Miliband will say that making the global financial system work better for emerging economies will also help to attract more private investment. Ed Miliband 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

Prefer the Guardian on Google 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.

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.