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Yongzheng Yang, Mr. Robert Powell, and Mr. Sanjeev Gupta

There is a growing consensus that good governance is essential if higher aid flows are to be effective in promoting growth and reducing poverty. 25 Major donors have made this point, most recently at the July 2005 summit of the Group of Eight countries in Gleneagles, Scotland ( Group of Eight, 2005 ). Strengthening governance therefore will likely increase the probability that donors will actually disburse the higher aid flows promised in the new scaling-up programs. 26 7.1. Reducing Corruption Rent-seeking behavior, which is found in all countries, is

International Monetary Fund. External Relations Dept.
The leaders of the Group of Seven and Group of Eight countries held summit meetings in Okinawa, Japan, on July 21–23. Two statements were issued at the meetings: the first, on July 21, by the leaders of the Group of Seven countries, comprising Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States; and the second, on July 23, by the leaders of the Group of Eight countries (Group of Seven plus Russia). Excerpts from the statement of the Group of Seven follow (see page 245 for an excerpt from the Group of Eight statement).
International Monetary Fund. External Relations Dept.
Leaders of the Group of Eight countries gathered in Kananaskis, Canada, June 26–27, for a summit that focused on terrorism, the global economy, and building a new partnership for Africa’s development. It was their first meeting since the terrorist attacks of September 11. It was announced that Russia, which since 1997 has participated in summit meetings with the Group of Seven immediately following the annual G-7 summits, and which this year participated more fully as a member of the summit group, will in 2006 assume the presidency of the G-8 and host the summit. The June 2003 summit will be held in France.
International Monetary Fund. External Relations Dept.

The leaders of the Group of Seven and Group of Eight countries held summit meetings in Okinawa, Japan, on July 21–23. Two statements were issued at the meetings: the first, on July 21, by the leaders of the Group of Seven countries, comprising Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States; and the second, on July 23, by the leaders of the Group of Eight countries (Group of Seven plus Russia). Excerpts from the statement of the Group of Seven follow (see page 245 for an excerpt from the Group of Eight statement).