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Week 42

Norway to provide bridging loan to Somalia Press release | 10/10/2019 The Government has proposed that Norway should provide a short-term bridging loan of NOK 3.135 billion to Somalia in 2020 to clear Somalia’s debt arrears to the World Bank’s International Development Association. Technically, this is a loan to Somalia, but the funds will be transferred to a World Bank account. The World Bank will then grant Somalia a new loan, which will be used immediately to repay the bridging loan from Norway. News alert about: Foreign affairs

ESRB warns of housing market vulnerabilities in Norway News story | 10/10/2019 The European Systemic Risk Board (ESRB) has issued a warning on medium-term residential real estate sector vulnerabilities in Norway. The ESRB said that these vulnerabilities may be a source of systemic risk to financial stability. News alert about: The economy

Statement at the Nordic-African Business Association Summit Speech/statement | 08/10/2019 Minister of Foreign Affairs Ine Eriksen Søreide held the opening statement at the Nordic-African Business Association Summit (Naba-Summit) in Oslo 8 October 2019. News alert about: Foreign affairs

The Norwegian Government’s action plan for green shipping News story | 07/10/2019 Norway’s maritime industry is a world leader in the development of low- and zero-emission solutions, and there are competitive companies in all segments of the industry. News alert about: Climate and environment

Proposal for Defence Budget 2020: The Norwegian Government increase the defence budget by more than 2 billion Norwegian kroner Press release | 07/10/2019 – The security situation has deteriorated. That is why this Government has increased its defence budgets every single year since we took office, and we will continue to strengthen the defence in the years to come, says Minister of Defence Frank Bakke-Jensen. News alert about: The economy

Minister of International Development creates new budget item for vulnerable groups Press release | 07/10/2019 The Government’s annual budget proposal includes an allocation of NOK 466 million for vulnerable groups under a new budget item created for this purpose. News alert about: Foreign affairs and The economy

Government increases support for foreign policy research Press release | 07/10/2019 The Government will increase its allocation to research on Europe and Asia by NOK 11 million. News alert about: The economy

Government proposes increase in support for stabilisation in crisis-affected countries Press release | 07/10/2019 The Government has proposed an allocation of NOK 835.4 million for stabilisation efforts in countries affected by conflict and crisis. This is an increase of NOK 129.5 million. News alert about: Foreign affairs and The economy

National Budget 2020: A budget to promote employment and welfare Press release | 07/10/2019 The Norwegian economy is in its third year of economic expansion. Employment growth is strong and the registered unemployment rate has fallen to levels last seen in 2008. Non-oil business investments are at a 10-year high. These positive developments are expected to continue. Non-oil GDP is projected to increase by 2.7 per cent this year and 2.5 per cent next year. News alert about: The economy

National Budget: International cooperation, humanitarian aid and human rights are priorities Press release | 07/10/2019 ‘In a rapidly changing world, it is important that the Government pursues an active foreign policy that safeguards Norway’s interests, economy and jobs,’ said Minister of Foreign Affairs Ine Eriksen Søreide. News alert about: Foreign affairs and The economy

NOK 1.4 billion increase in aid budget Press release | 07/10/2019 The Government has proposed to increase the total aid budget from NOK 37.8 billion to NOK 39.2 billion. The Government will intensify Norway’s work to promote achievement of the Sustainable Development Goals (SDGs) and its climate-related efforts, with an emphasis on the fight against hunger and poverty. Norway’s substantial support for projects run by civil society organisations will be maintained, and efforts to reach vulnerable groups will be stepped up. News alert about: Foreign affairs and The economy

NOK 500 million to climate-related disaster risk reduction and hunger prevention Press release | 07/10/2019 The Government will allocate NOK 500 million to efforts to promote climate change adaptation, disaster risk reduction and hunger prevention. The funding will be provided under the aid budget. News alert about: Foreign affairs

NOK 5.5 billion for humanitarian aid in 2020 Press release | 07/10/2019 ‘The Government has proposed an increase of NOK 115 million in the overall humanitarian budget for 2020, bringing the total to NOK 5.5 billion. This is Norway’s largest humanitarian budget ever,’ said Minister of Foreign Affairs Ine Eriksen Søreide. News alert about: Foreign affairs

Intensified efforts and closer cooperation on human rights Press release | 07/10/2019 ‘Human rights are under considerable pressure. In response to this, we are increasing our support for human rights efforts by NOK 77 million in 2020,’ said Minister of Foreign Affairs Ine Eriksen Søreide. News alert about: Foreign affairs

Meld. St. 4 (2018–2019) - Long-term plan for research and higher education 2019–2028 Report to the Storting | 05/10/2018 News alert about: Education