Private sector must overcome trust deficit to shape development


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Issue 306 - 08 Aug 2015 | 3 minute read

Critical non-governmental organisations in Addis Ababa at the third International Conference on Financing for Development (FfD3), or commenting from the sidelines, contested United Nations secretary-general Ban Ki-moon’s assertion that the mid-July summit was a “critical step forward” in creating a global architecture to pull poorer economies out of poverty. Some critics remain uncomfortable that development finance initiatives generate profits, while FfD3 failed to pressurise wealthy economies into paying more.

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