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Finance committee Excuse me, do you mean the rate of--
October 27th, 2009Committee meeting
Philippe Hall
Finance committee My understanding is that your 8% increase is in regard to the increase in official development assistance. The bill in question is talking more specifically about a very small subsection of this expenditure, which does not grow at 8% a year. It's actually our decision to take par
October 27th, 2009Committee meeting
Philippe Hall
Finance committee Yes. The compensation that is to be provided, the debt relief that is to be provided to client countries, is in the order of.... Canada's part of that commitment is $2.5 billion over the life of the initiative, which is until 2054.
October 27th, 2009Committee meeting
Philippe Hall
Finance committee Exactly.
October 27th, 2009Committee meeting
Philippe Hall
Finance committee I'll ask one of my colleagues to inform you on that one.
October 27th, 2009Committee meeting
Philippe Hall
Finance committee We're actually just changing the process by which we go about implementing the multilateral debt relief initiative. It used to be included as an item in our main estimates in the Department of Finance's vote 5.
October 27th, 2009Committee meeting
Philippe Hall
Finance committee Excuse me?
October 27th, 2009Committee meeting
Philippe Hall
Finance committee We are currently simply asking that it be listed as a statutory item--
October 27th, 2009Committee meeting
Philippe Hall
Finance committee --to make it more credible to our stakeholders who are with us in this initiative.
October 27th, 2009Committee meeting
Philippe Hall
Finance committee Good morning. My name is Philippe Hall. I work at the Department of Finance, in the international finance section.
October 27th, 2009Committee meeting
Philippe Hall