Tuesday, December 10, 2019

DT 17 / 2004

Nordic aid bureaucracies slow to accept Plan International

The Finnish branch of Plan International appears to be in the final stages of negotiations with the Finnish Ministry of Foreign Affairs for a framework agreement. The Swedish and Norwegian Plan offices are also seeking framework funding, but have so far had limited success with their respective ministries.

Global AIDS Fund fails to raise private capital

The Global Fund was launched as a public-private partnership, but has failed to raise broad support from private sources. The Fund is mainly a joint venture between public donors and the Gates Foundation. Grants from other private sources amounts to only USD 2.8 million.

Norwegian aid secures Statkraft’s stake in contentious hydro project

The Norwegian state-owned investment company SN Power has committed almost NOK 300 million (USD 45 million) in equity for two hydropower projects in Northern India, the existing Malana Dam and the planned 192-megawatt Allain Duhangan project. The Compliance Advisor Ombudsman (CAO) of the IFC is currently investigating a complaint about Allain Duhangan filed by affected villagers earlier this month.