Thursday, September 19, 2019

NOK 3 billion in unspent climate forest aid stranded at Brazilian bank

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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