The Norwegian government intends to increase development assistance by NOK 2.2 billion in 2007. Overall, the development assistance budget for the year amounts to NOK 20.75 billion: the highest level ever, corresponding to 0.97 per cent of Norway’s gross national income (GNI).
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The Norwegian government has decided to contribute NOK 240 million (€ 30 million) to a new scheme that will provide highly subsidised loans to the world's poorest countries in the event of an exogenous economic shock.
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The Government will propose to the Norwegian Parliament (the Storting) that an additional NOK 1 billion be granted for relief work following the tsunami disaster in South East Asia.
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