Sunday, December 15, 2019

DT 14 / 2016

Sweden fights EU move to let aid pay for military activities

The European Commission wants to use development aid to fund military activities, but has met fierce opposition from Sweden's Development and Climate Minister Isabella Lövin. The EC’s proposal contradicts an agreement of OECD members from earlier this year that explicitly prohibits the use of aid for such purposes. “The EU cannot come a few months later and change it,” she says.

Foreign Ministry tapped aid for nuclear weapons project, misinformed Parliament

Over several years, the Foreign Ministry in Oslo funded a huge Nuclear Weapons Project from the aid budget. The project, which was carried out by the International Law and Policy Institute (ILPI), did not pass OECD’s test for what can be reported as aid.

While US and China launch competing Mekong initiatives, Sweden stands by MRC

Sweden has decided to renew support for the 20-year-old Mekong River Commission, which it views as being “lonely and exposed” as economic development runs rife in the basin.

New Finnfund loan boosts resources by 50%

After months of fine tuning the formalities, the decision for a EUR 130 million loan to the aid-funded investor Finnfund has now been signed by Trade and Development Minister Kai Mykkänen.