Monday, February 17, 2020

GIEK requests extension of guarantee frame to NOK 3 billion

The Norwegian guarantee institute GIEK has asked for its frame for guarantees to the poorest developing countries to be doubled to NOK 3 billion.

Guarantee applications are piling up without being processed because GIEK reached the ceiling for such guarantees a long time ago. The former government was unable to solve the problem. Now GIEK is trying again with the new Red Green government.

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