Norfund has of late been battered in the press over internal conflicts and investments in tax havens. Norwegian companies say Norfund has been arrogant and shies away from taking risk. In an interview with Development Today, Norfund’s new Managing Director Kjell Roland answers the criticism.
Denmark continues to have the largest mixed credit portfolio among the Nordics, but the contract value of Danish projects approved last year dropped to DKK 589 million, compared to DKK 2.3 billion in 2005.
As the Norwegian business community comes together for its 15th annual gathering in Oslo on private sector involvement in aid this month, the temperature is at an all-time low. “The business community’s interest in aid is waning," says Tori Tveit at NHO.