North-South Institute, Ottawa-based think tank, to close

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Nearly 40 years after it was founded with a mission of ‘research for a fairer world,’ the Ottawa-based North-South Institute is closing for good.

The think tank’s board of directors announced the closing on Wednesday, acknowledging that the institute “has not been successful in diversifying and growing its funding sources to the extent required to ensure financially sustainable operations.”

Operating from a headquarters on Argyle Avenue, the institute billed itself as “Canada’s only independent policy research institution dedicated to foreign policy and international development.” It was established in 1976.

The institute is known for its annual Canadian International Development Report, which contains policy briefs on issues such as fair trade, resource development and the impact of conflict on economic and social structures in the developing world.

In its 2012 annual report, the institute listed a deficit of $61,000 on revenue of $2.4 million.

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