NOK 3 billion in unspent climate forest aid stranded at Brazilian bank
NewsAugust 27, 2019
Since Brazil closed the steering committee of the Amazon Fund, which was set up to channel Norwegian financing of rainforest projects, the bilateral cooperation is in limbo, raising questions about what to do with NOK 3 billion* sitting unspent in the fund. A lawyer at Norad says Norway has the right to demand that the money be reimbursed.
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