Tuesday, November 21, 2017

DT 21-22 / 2004

NOK 100 million in aid to finance debt swap for Pakistan

 
Norway is preparing a controversial debt swap with Pakistan worth more than NOK 100 million. It will be the first large-scale bilateral debt relief package covered by the aid budget in many years.
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Big changes ahead in World Bank market as tied trust funds dry up

 
The World Bank has not tackled well its role as a recipient. In fact, it has been a catastrophe. Key words are corruption, bureaucracy and an overwhelmingly expensive and complicated control system.
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Sweden, Norway will not channel relief through US-led coalition

 
Sweden and Norway have no plans to coordinate their humanitarian efforts for victims of the tsunami disaster through the US-led emergency coalition announced by US President George W. Bush last week.
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