Friday, March 23, 2018

DT 2 / 2017

NOK 10.5 billion in Norwegian climate forest aid remain unspent

Development Today has scrutinised five of the largest recipients of Norwegian climate forest aid spending and found that only a small part of these funds have actually been disbursed on forest-saving projects. DT estimates that at least NOK 10.5 billion remain unspent.  Critics question whether the scheme has impact, but Political Advisor at the Climate Ministry Jens Frølich Holte says Norway “will continue to maintain results as the primary focus, not the rapid spending of money.”

Sweden carries heavy burden in Nordic response to Trump’s global gag rule

All the Nordic governments responded to the Dutch call to provide extra funding for family planning following the US cuts. But Sweden carries the heaviest burden.

Nordic NGOs brace for US budgets cuts

Nordic NGOs could lose millions of dollars in US funding if deep cuts in the foreign aid budget proposed by the Trump administration are implemented. 

World Bank expansion in Sub-Saharan Africa, crossroads in private sector funding

The World Bank will increase development financing for Sub-Saharan Africa by USD 20 billion over the next three years. Other aid-funded investors fear “cheap” Bank capital could crowd them out.  

IFAD days away from cancelling Bagamoyo sugar loan

The Tanzanian government has until the end of March to confirm the status of the Bagamoyo sugar and ethanol project to IFAD, Development Today has learned.