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Revealed: New York multi-million dollar mansions belong to the poorest nations on earth


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Revealed-New-York-multi-million-dollar-mansions-belong-to-the-poorest-nations-on-earth.htmlUK Telegraph:

New York’s Upper East Side is a neighbourhood of celebrities and millionaires – and home to some of the poorest countries on the planet.

An investigation by The Telegraph has found dozens of embassies, consuls, missions and ambassadorial residences, worth tens of millions of dollars, dotted along the rarefied streets of Manhattan’s wealthiest district.

They include a number owned by some of the most impoverished countries on the planet, including Congo, ranked in 186th place out of 187 countries on the Human Development Index (HDI), the annual report produced by the United Nations which assesses the wealth of populations around the world.

Others belong to nations struggling to cope with war and dictatorship, including Iraq and Myanmar.

And some are owned by middle-ranking countries economically, whose citizens may nonetheless question why their governments hold properties in the most sought-after quarter of one of the most expensive cities in the world. Greece, which has struggled with debt and recession since the 2008 financial crisis, falls into this category.Scissors-32x32.png


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