Nordic millions to help world’s poor micro-finance a better future

Nordic Micro-financing Initiative focusing on 14 nations in Africa and Asia

A new Nordic co-operation between private investors and public development funds is helping Denmark provide the less fortunate in the world access to micro-financing to the tune of over 500 million kroner.

The co-operation, Nordic Micro-financing Initiative (NMI), was launched yesterday with the foreign minister, Kristian Jensen, and his Norwegian counterpart Børge Brende in attendance.

“If we want to fight poverty effectively, we must give the world’s poor access to financing,” said Jensen. “That’s what the new Nordic micro-financing fund will do.”

“We will work closely with the private sector, which is imperative when it comes to mobilising private funds for development.”

READ MORE: Denmark part of Nordic White House summit

Funding a brighter future
Jensen revealed that the Nordic co-op will involve 14 nations in Africa and Asia and the project would have particular focus on giving women an opportunity to invest their way out of poverty, inequality and bleak future prospects.

Ultimately, the goal with the Nordic co-operation is to provide capital in order to develop smaller business and thereby generate growth and jobs.

Head-quartered in Oslo, the initiative will be funded by the Investment Fund for Developing Countries (IFU), which will contribute 55 percent of the funds, while the remaining 45 percent will come from private investors in Denmark and Norway.




  • Advice for expats: Navigating Life as an International in Denmark

    Advice for expats: Navigating Life as an International in Denmark

    Beginning this month, Expat Counselling will be contributing a monthly article to The Copenhagen Post, offering guidance, tools, and reflections on the emotional and social aspects of international life in Denmark. The first column is about Strategies for emotional resilience

  • New agreement criticized for not attracting enough internationals

    New agreement criticized for not attracting enough internationals

    Several mayors and business leaders across Denmark are not satisfied with the agreement that the government, the trade union movement and employers made last week. More internationals are needed than the agreement provides for

  • Let’s not fear the global – let’s use it wisely

    Let’s not fear the global – let’s use it wisely

    Copenhagen’s international community is not just a demographic trend – it’s a lifeline. Our hospitals, kindergartens, construction sites, laboratories and restaurants rely on talent from all over the world. In fact, more than 40% of all job growth in the city over the past decade has come from international employees.

  • The Danish Connection: Roskilde gossip, a DNA scandal & why young Danes are having less sex

    The Danish Connection: Roskilde gossip, a DNA scandal & why young Danes are having less sex

    With half of the population of Copenhagen at Roskilde this week, Eva away in Aalborg and the weather being a bit of a joke , Melissa and Rachel bring you a chatty episode to cheer you up looking into three of the top stories in Denmark this week.

  • A nation turns its hopeful eyes to Jonas Vingegaard

    A nation turns its hopeful eyes to Jonas Vingegaard

    The Tour de France has started and thus the news focus in Denmark for the next few weeks is defined. The double Tour winner will once again compete with the phenomenon Tadej Pogacar to stand at the top in Paris. Many Danes will daily follow whether one of the nation’s great sons succeeds

  • Palestine support voices characterize Roskilde in rain, sun and wind

    Palestine support voices characterize Roskilde in rain, sun and wind

    The 53rd edition of Roskilde Festival ended Saturday night. More than 100,000 people gathered to listen to music, party, drink – and for many to take a stand on the conflict between Israel and Palestine

Connect Club is your gateway to a vibrant programme of events and an international community in Denmark.


  • “It’s possible to lead even though you don’t fit the traditional leadership mold”

    “It’s possible to lead even though you don’t fit the traditional leadership mold”

    Describing herself as a “DEI poster child,” being queer, neurodivergent and an international in Denmark didn’t stop Laurence Paquette from climbing the infamous corporate ladder to become Marketing Vice President (VP) at Vestas. Arrived in 2006 from Quebec, Laurence Paquette unpacks the implications of exposing your true self at work, in a country that lets little leeway for individuality

  • Deal reached to bring more foreign workers to Denmark

    Deal reached to bring more foreign workers to Denmark

    Agreement between unions and employers allows more foreign workers in Denmark under lower salary requirements, with new ID card rules and oversight to prevent social dumping and ensure fair conditions.

  • New association helps international nurses and doctors Denmark

    New association helps international nurses and doctors Denmark

    Kadre Darman was founded this year to support foreign-trained healthcare professionals facing challenges with difficult authorisation processes, visa procedures, and language barriers, aiming to help them find jobs and contribute to Denmark’s healthcare system