Monday, November 19, 2018

September / 2018

USD 2 billion replenishment target for newest global health initiative GFF

 
A World Bank mechanism established in 2014 to expand funding for health and nutrition is gearing up for its first replenishment meeting in November where it hopes to raise USD 2 billion from donors. The Global Financing Facility (GFF) differs from traditional health aid, its Director Mariam Claeson tells Development Today, because it links up to billions of additional dollars. How much of this money is actually new remains unclear.
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An alternative DFI: FinnChurchAid kicks off new investment firm

 
In a pioneering move, the Helsinki-based NGO FinnChurchAid (FCA) has launched an investment company that will manage a EUR 16 million loan from the Finnish government to be invested in small businesses in African and Asian countries, the first of its kind in the Nordic countries.
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Three Nordics top donor ranking. Norway penalised for ‘low quality of aid’

 
Sweden has the best migration policies among donors and Denmark gets top marks for contributing to international peacekeeping, according to the Center for Global Development’s CDI index for 2018. Norway, which topped the UNDP index announced last week, ranks nr 12 on the CDI because of high oil and gas production, heavy agricultural subsidies and the “low quality” of its aid.
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Finnfund invests in multiple tree plantations in Africa and Latin America

 
Finnfund has committed USD 10 million to a new forestry fund, the Arbaro Fund, that will invest in industrial tree plantations in 12 countries in Sub-Saharan Africa and Latin America over the next 15 years.
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UN watchdog scrutinises UNEP boss Erik Solheim’s travelling expenses

 
In an on-going review, auditors at the UN have called for Erik Solheim, head of the UN Environment Programme (UNEP), to refund part of his travelling costs. A devastating auditor’s report, cited by the Oslo-based daily Aftenposten, charges that Solheim was on the road for 529 days over the last two years and racked up a bill of NOK 4 million (USD 490,000).
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Collier attacks ‘ideological NGOs’ for hampering development in Africa

 
The British economist Paul Collier delivered a frontal attack on Western NGOs at a conference in Oslo this week. “Africa needs our firms, but got … our NGOs,” he told the audience. In an interview with Development Today he nuanced his perspective. Some NGOs are “the latest manifestation of imperialism,” others are doing a great job, he said.
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Tommy Thomsen leaves IFU, Huss to act as new CEO

 
Torben Huss will become acting chief of the Danish aid-financed risk capital fund IFU when the current CEO Tommy Thomsen leaves the organisation to take up a new assignment in the private sector.
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Yet another lean year, but light in the tunnel for Finnish aid

 
The Finnish government proposes EUR 994 million in aid next year, marking the fourth lean aid budget in a row since the historic aid cuts announced in the summer of 2015. Nevertheless, the Finnish aid community sees a light in the tunnel.
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Norway supports new indigenous rights centre, but restricts funding to projects in India

 
The world’s first centre for promoting indigenous people’s land and forest rights is balancing the interests of its major donors. Sweden’s focus is rights. Norway’s is carbon. One result is that Norway supports the centre’s work on promoting tenure in countries like Colombia and Indonesia, but restricts the use of Norwegian money for projects in India, Burkina Faso and Mali.
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