The World Bank and the International Monetary Fund (IMF) have said
they would establish an initiative to help developing nations strengthen
their tax systems ahead of the Financing for Development conference
scheduled for Ethiopia.
According to a recent joint statement carried by their official
websites, the two bodies vowed to deepen the dialogue with developing
nations on international tax issues with an aim to help increase their
weight.
They also said they wanted their voices to be heard in the
international debate on tax rules and cooperation. The two international
financial institutions also planned to develop diagnostic tools to help
member countries evaluate and strengthen their tax policies.
During the gathering scheduled for Monday to Thursday, heads of state
and multilateral institutions and representatives from private sector
would discuss how to scale up financial strengths to meet the
Sustainable Development Goals.
Chinese Finance Minister, Lou Jiwei, is expected to represent President Xi Jinping at the event.
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