Norway
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Cumulative
- Project-Specific Cofinancing $307 million
- Contributions Committed to Trust Funds $76.2 million
Two offices manage Norway’s official development assistance. The Ministry of Foreign Affairs (MFA) administers the country’s support for economic development, democratization, implementation of human rights, good governance, and poverty reduction in developing member countries. The Norwegian Agency for Development Cooperation, a directorate under the MFA, ensures and reports on the effectiveness of the country’s development aid.
Norway primarily provides grants to initiatives prioritizing themes such as climate change and the environment, democracy and good governance, education, energy, global health, higher education and research, macroeconomics and public administration, and oil for development. Countries eligible for the country’s support are Bangladesh, India, Indonesia, Nepal, Pakistan, Sri Lanka, and Viet Nam.
Highlights of ADB–Norway Engagement in 2023:
Nonsovereign Cofinancing. The Trade and Supply Chain Finance Program (TSCFP) supported over 30 transactions valued at $25.3 million with a bank domiciled in Norway from inception to December 2023. During the same period, the TSCFP supported over 60 Norwegian exports and/or imports valued at $79.6 million. In 2023 alone, the TSCFP supported two Norwegian exports and/or imports valued at $3.1 million. Exports and/or imports were mainly to or from Bangladesh, Viet Nam, and Pakistan. Underlying goods involved mostly food and agriculture-related goods, industrial machinery and capital goods, as well as raw and non-energy commodities.
Special Funds. Norway is a founding member of ADB and has, since 1966, committed $371.5 million to ADB special funds. Of this commitment, $327.1 million has gone to the Asian Development Fund (ADF). The ADF provides grants to ADB’s low-income, developing member countries to help reduce poverty and improve quality of life.
Active Trust Funds
Active trust funds are those a) with ongoing projects; or b) with no active projects but have remaining funds.
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