THE World Bank and the International Monetary Fund (IMF) have announced to launch an initiative to help developing countries strengthen their tax systems ahead of the Financing for Development conference due to be held in Ethiopia.
The two bodies vowed to deepen the dialogue with developing countries on international tax issues with an aim to help increase their weight and voice in the international debate on tax rules and cooperation. The two international financial institutions also plan to develop diagnostic tools to help member countries evaluate and strengthen their tax policies.
This came ahead of the Financing for Development conference, also known as the Third International Conference on Financing for Development. (pna/xinhua)
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