17 February 2007

DAI - Some clarification

Tony Barcaly the CEO of DAI left this comment on my previous post A moral and a pyrrhic victory (see also Vulture finds? More like vermin funds) seeking to put distance between the activities of his company and those of Debt Advisory International. I felt it warranted a post in its own right

Development Alternatives inc is an employee-owned consulting firm whose mission is Advancing Human Prosperity. We have no connection of any kind with "Debt Advisory International," the company that was profiled on BBC's Newsnight program earlier this week. That program described a predatory investment company that trades in distressed debt from very poor countries such as Zambia. To our knowledge, "Debt Advisory International" does not use the name DAI, but the BBC program might lead some viewers to conclude that we are the same company. Nothing could be further from the truth. We have been operating for more than 36 years, supporting sustainable economic development and improving the lives and livelihoods of people in more than 150 countries. Please browse our site: see what a growing, global team of development professionals is doing to make the world a better place.

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