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Danida opens up to four new nations

Earlier this year, Jensen decided to continue Danida’s presence in Vietnam and Egypt


Nigeria, Morocco, the Philippines and India will be able to apply for loans geared towards financing large infrastructure projects (Photo: Danida)

June 6, 2014
11:52

by Christian Wenande


Danida, the Danish International Development Agency, has announced that Nigeria, Morocco, the Philippines and India will be able to apply for loans geared towards financing large infrastructure projects headed by Danish contractors.

The minister of trade and development, Mogens Jensen, said that the move would assist the four nations with improved knowledge, technology and solutions that will contribute to their economy and society in a sustainable way.

“It’s yet another example that development work not only helps develop, but opens the doors for Danish companies,” Jensen said in a press release.

“That development is something that we will now support, and Danida’s business instruments play an essential role.”

READ MORE: Denmark aims to improve factory safety in Bangladesh

Favourable loans
Danida’s loans can be used to cover interest expenses on loans from Danish banks for the financing of the local government’s financing of infrastructure projects.

This gives the developing nations very favourable loans and makes it easier for them to comply with their liability responsibilities.

Earlier this year, Jensen decided to continue Danida’s presence in Vietnam and Egypt.



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I thought it was us, FOREIGNERS, who stole them? Hmmmm......

(Kl Queteimporta on October 23, 2014 21:44)

?We know that Denmark is a cultural capital of the world ? there are so many...

(Kl Queteimporta on October 23, 2014 21:40)

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(Bill Jones on October 23, 2014 20:18)

Seriously, DK can talk about the rule of law when they snub their nose at...

(Bill Jones on October 23, 2014 20:12)

Jensen is a mug . what a tool

(Hamish Carey on October 23, 2014 17:34)

Misplaced priorities . GCs are brought in to add value to the economy , They...

(Rajiv Banerjee on October 23, 2014 11:12)

Hoi Helena, bedankt, en ja - hopelijk tot ziens!

(Karina Lins on October 23, 2014 10:24)

Encoding is broken.

(Jon Ask Jacobsen on October 23, 2014 10:14)

I know a few Danes that were deported from the states so i support this. ;-)

(Juliousbass "the Future of Bass" on October 22, 2014 21:00)

Culture vultures

(Juliousbass "the Future of Bass" on October 22, 2014 20:55)