‘IFU-gate’. Danish fund accused of foul play

Business September 02, 2005

The Danish Industrialization Fund for Developing Countries (IFU) has been accused of foul play. IFU annual reports have for several years listed all projects the fund has participated in, including estimates of how many jobs the projects have created. According to the 2004 report, IFU projects have since 1967 created almost 100,000 jobs in developing countries.

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