The Limited Times

Now you can see non-English news...

Coronavirus: a Norwegian fund to help the poorest countries

2020-03-29T16:18:36.846Z


Oslo has taken the initiative of a multilateral fund to "meet new and extraordinary assistance needs".


Stockholm

Norway, like the rest of the world, is stricken by coronavirus, with a toll which amounted to 16 dead this Sunday. The collapse of the oil market particularly affects the Nordic kingdom, the leading European exporter. The famous Norwegian sovereign wealth fund, the largest in the world, has lost 16% of its value, and weighs only… 930 billion dollars. Faced with the health crisis, the government of the conservative Erna Solberg was one of the first to react, closing its borders, imposing confinement on its population, taking energetic measures to support its businesses. However, he did not give up his long tradition of solidarity with the poorest countries.

Read also: Norway's sovereign wealth fund lost 115 billion euros

€ 10 million paid to WHO

In parallel to the UN, which seeks to raise two billion dollars to provide humanitarian aid to vulnerable or conflict-torn countries, to better arm them against the coronavirus, Oslo has taken the initiative of a multilateral fund to " respond assistance needs

This article is for subscribers only. You have 74% left to discover.

Subscribe: € 1 for 2 months

cancellable at any time

Enter your email

Already subscribed? Log in

Source: lefigaro

All news articles on 2020-03-29

You may like

Life/Entertain 2024-02-07T08:32:42.990Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.