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Business

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Evaluation: revamp old-fashioned tied Danish aid scheme or it could become irrelevant

Denmark’s mixed credit scheme, which is subsidised by aid, has given billions of crowns worth of contracts to national firms over two decades. Its relevance might fade unless it is reformed and allows international bidding, an evaluation concludes. The scheme has survived despite pledges from OECD donors, including Denmark, to abolish tied aid. The Danish Foreign Ministry criticises the evaluation for not reflecting on the benefits of tying aid.

Business March 08, 2023

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Capital crunch forces Danish IFU to turn down new projects

The Danish development finance institution IFU has tight liquidity, poor profit over time, and faces...

Business September 07, 2022

Golomoti IFU solar project in Malawi.jpg

Capital crunch forces Danish IFU to turn down new projects

The Danish development finance institution IFU has tight liquidity, poor profit over time, and faces...

Business September 07, 2022

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Call for new World Bank business model to scale up risk taking and financing

Global investors want the World Bank to take more risk so they can scale up climate financing. A White...

Business June 17, 2022

Scatec and Swedfund write down value of Ukraine investments

The Norwegian renewable energy company Scatec has written down the value of five solar power plants in...

Business May 06, 2022

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The Bombardier Sweden affair: World Bank probe has a long reach, but convictions can be elusive

In a Swedish probe triggered by an on-going World Bank investigation into a project in Azerbaijan, prosecutors...

Business April 01, 2022

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World Bank refers fewer cases for criminal investigation, no uptick in corruption during pandemic

The World Bank’s anti-corruption unit routinely refers findings to national authorities for criminal...

Business April 01, 2022

Ukrainian windmill, co-funded by four Nordic DFIs, hit by Russian rockets

Nordic aid-funded DFIs have invested EUR 80 million in Ukraine. One of their projects, the country’s...

Business March 04, 2022

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Secrecy surrounding Sida’s SEK 450 million guarantee for UNICEF vaccine procurement

Despite Sweden’s strong freedom of information laws, details of a Swedish guarantee to UNICEF for procurement...

Business December 20, 2021

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New tool to measure carbon sinks

Forestry plantations are the largest piece in Finnfund’s carbon puzzle. When Finnfund first started putting...

Business October 08, 2021

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