Friday, November 22, 2019

Tørnæs taps into IFU, DKK 1.2b into Danish state coffers

Danish Development Minister Ulla Tørnæs often says the private sector has top priority in development assistance. Yet over the past five years, the Danish government has drawn DKK 1.2 billion from its aid-financed risk capital fund IFU for initiatives in Denmark.

The other Nordic countries are injecting more capital into their sister agencies to step up investments in developing countries.

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