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08
Aug
Developing countries are failing to meet fiscal transparency standards as established by the United States, according to a report released on July 28.
The US State Department’s Fiscal Transparency Report—released annually since 2012—details which countries meet the State Department’s minimum fiscal transparency requirements, which countries are making progress towards it, and which countries are making no significant progress.
In the 2016 report, sixty-four countries failed to meet the minimum standards. Of those, only eight showed significant progress.
The report reveals the highest...