Business cooperation abroad
Published under: Solberg's Government
Publisher Ministry of Foreign Affairs
One of the most important tasks of the Foreign Service is to promote Norway’s business interests abroad. Internationalisation is crucial for maintaining the competitiveness of the Norwegian business sector, and high priority is given to supporting individual companies. The Foreign Service comprises more than 100 diplomatic and consular missions that can assist companies in building networks and give guidance on local conditions in the country concerned.
The National Budget 2017
Job creation and economic growth are vital for combating poverty. In the budget for 2017, the Government proposes an allocation of NOK 1.5 billion to Norfund. The Government is also giving priority to vocational training in developing countries.
The Government has entered into a partnership with the Confederation of Norwegian Enterprise (NHO) and Norwegian companies with a view to strengthening vocational training in developing countries.
‘More than 700 million people in Africa lack electricity, and the continent is in urgent need of investment in renewable energy. Norway will therefore contribute NOK 300 million to Green Africa Power, which is intended to encourage commercial actors to invest in sub-Saharan Africa,’ said Minister of Foreign Affairs Børge Brende.
Minister of Foreign Affairs Børge Brende took part in the launch of the Nordic Microfinance Initiative (NMI) yesterday. This is a new Nordic cooperation venture involving private Norwegian investors and two state investment funds, the Norwegian Investment Fund for Developing Countries (Norfund) and Denmark’s Investment Fund for Developing Countries (IFU).
Speech by Prime Minister Erna Solberg at the Nordea Accelarator program-meeting in Oslo, 26 August 2016.
The EEA and Norway Grants are an effective tool for strengthening relations between Norway and the beneficiary countries, an independent evaluation has concluded.
Working together: Private sector development in Norwegian development cooperation.