Thursday, December 12, 2019

DT 21-22 / 2004

NOK 100 million in aid to finance debt swap for Pakistan

Norway is preparing a controversial debt swap with Pakistan worth more than NOK 100 million. It will be the first large-scale bilateral debt relief package covered by the aid budget in many years.

Big changes ahead in World Bank market as tied trust funds dry up

The World Bank has not tackled well its role as a recipient. In fact, it has been a catastrophe. Key words are corruption, bureaucracy and an overwhelmingly expensive and complicated control system.

Sweden, Norway will not channel relief through US-led coalition

Sweden and Norway have no plans to coordinate their humanitarian efforts for victims of the tsunami disaster through the US-led emergency coalition announced by US President George W. Bush last week.