Tag Archives: World Bank

Norway and World Bank step up cooperation on conflict and development

With 1.5 billion people living in areas affected by political conflict and criminal violence, citizen security, justice and jobs are the most effective measures to ensure development, says the World Bank. Norwegian Minister of the Environment and International Development Erik Solheim and World Bank Group President Robert B. Zoellick today participated in ...

Norway donor to new trust fund for carbon capture and storage

Norway will be the largest contributor to the World Bank’s new trust fund to help developing countries build up expertise on carbon capture and storage (CCS) “If the world is to achieve necessary climate goals, it is essential that developing countries make use of climate-friendly technology. Norway will therefore now provide NOK 35 million for ...

Norway’s PM attending High-Level Event on REDD

At a meeting in New York on September 23, heads of state and government from all over the world underlined the need for an agreement to reduce deforestation in developing countries. "Norway has been leading the way with generous support to forested developing countries for REDD activities," said  Ban Ki-moon in his opening speech. With the UN Secretary ...

Norway will increase aid to Zimbabwe

Jens Stoltenberg og Morgan Tsvangirai at a meeting in South Africa in April 2008. Photo: Office of the Prime Minister.

  Norway will increase its aid to Zimbabwe with NOK 42 million to a total of NOK 200 million this year, Prime Minister Jens Stoltenberg told Prime Minister Morgan Tsvangirai in Oslo today. The funds will mainly go to areas that Mr. Tsvangirai’s party, the MDC, is responsible for: basic education, health services and promoting democracy. The ...

Norway increases aid to Zimbabwe

Norway is increasing its aid to Zimbabwe by NOK 58 million. The money will be used to help the people of Zimbabwe and support the new Government of National Unity. Due to the years of misrule, embezzlement and hyperinflation, the Norwegian money will not be channelled through the Zimbabwean Government’s financial system. The funds will instead ...

Allocation of NOK 200 million to poor countries affected by the financial crisis

According to the World Bank, Africa will be hardest hit by the financial crisis.

The Norwegian Government proposes an additional allocation for countries that are least equipped to meet the financial crisis. In the Revised National Budget, the Government proposes an allocation of NOK 200 million to address the negative consequences of the financial crisis in poor countries. These funds will be channelled via the development budget to the countries ...