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Norway first in the world to review loans to developing countries

OSLO, Norway, August 17, 2012/African Press Organization (APO)/ -- Minister of International Development (www.mfa.no) Heikki Holmås commented, “Norway is the first country in the world to review its loans to developing countries, in line with the UN Guiding Principles on foreign debt and human rights. This means that Norway is setting the gold standard in this area.” Logo: http://www.photos.apo-opa.com/plog-content/images/apo/logos/norvege.jpg Earlier today, Mr Holmås surprised the anti-debt movement by announcing that the Government is to review poor countries' debts to Norway. This work, which will be assigned on the basis of...

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Published By: Africa News - Friday, 17 August, 2012

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