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Article: Norway increases its support to the African Development Bank.
- Article from:
- M2 Presswire
- Article date:
- December 19, 2007
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M2 PRESSWIRE-19 December 2007-Norwegian Government: Norway increases its support to the African Development Bank(C)1994-2007 M2 COMMUNICATIONS LTD
RDATE:19122007
Norway has pledged to increase its contribution to the African Development Bank's fund for the poorest countries by 40 per cent. Its commitment of NOK 500 million for each of the next three years makes Norway the ninth-largest donor to the fund.
Norway participated in the replenishment negotiations for the African Development Fund, which were concluded in London in December. The negotiations have resulted in an increase of around 50 per cent in the fund's available resources, and ...