> World's poorest nations in 'desperate situation', UN warns / 342J394
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World's poorest nations in 'desperate situation', UN warns / 342J394
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The 46 so-called least developed countries, or LDCs, "are in a desperate situation", United Nations Conference on Trade, Investment and Development (UNCTAD) chief Rebeca Grynspan tells reporters in Geneva, warning that they "stand on the precipice of a fiscal abyss" The UN is calling for a significant overhaul of the global financial system to help the world's poorest countries and their struggle to fill enormous financial gaps. IMAGES AND SOUNDBITES