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That's why in Lima, organisations including Latindadd (Latin American network on debt, development and rights), a Christian Aid partner, are hosting an event to ask whether EITI has become a whitewash for the extractive industry.
"We are presenting the most comprehensive statement that finance ministers have ever made on the issues of debt, development, health and poverty," said Britain's Treasury chief Gordon Brown.
"We are presenting the most comprehensive statement that finance ministers have ever made on the issues of debt, development, health and poverty," said Britain's chancellor of the exchequer, Gordon Brown Gordon Brown, adding that the agreement represents a "new deal between the rich and poor of the world".
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The euro continued to be buffeted by European debt developments, reacting sharply on Friday to the announcement by Chancellor Angela Merkel of Germany about the Greek bailout.
In other debt-developments, Boehner met with President Obama on Wednesday to discuss what will happen when the debt does hit its next limit.
The European Network on Debt and Development (Eurodad) says some development finance institutions (DFIs), which are playing an increasing role in supporting development programmes, offer "minimal support" to companies in low-income countries, favouring organisations domiciled in wealthy states.
Last year, the European Network for Debt and Development (Eurodad) said developing country firms are often squeezed out of the equation by powerful multinational and donor country firms and complex procurement systems, even when aid is formally "untied".
A report, State of Finance for Developing Countries, published on Thursday by the European Network on Debt and Development (Eurodad), said lost resources – money that should have been invested but instead left the country – accounted for more than 10% of gross domestic product (GDP) for developing countries since the 2008 financial crash.
Tove Maria Ryding, tax justice coordinator, European Network on Debt and Development (Eurodad), Brussels, Belgium @eurodad @toveryding Last summer, Addis negotiators did acknowledge the role that illicit cash plays in hindering development, but stopped short of suggesting solutions.
Forum on Debt and Development, the Netherlands.
Tove Maria Ryding is tax justice coordinator at the European Network on Debt and Development (Eurodad) and Bodo Ellmers is debt justice coordinator at Eurodad.
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