Report proposes untying prestigious Nordic fund or closing it down

Business November 17, 2004

The Helsinki-based Nordic Development Fund (NDF) faces drastic challenges. An evaluation proposes that NDF should be untied and turned into an infrastructure specialist. The donors’ tendency to shift to budget support and pooling of resources is likely to undermine NDF, which focuses on projects. The report states that NDF will have to adjust to a new aid agenda or be closed down.

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