Looking for a specific product?

Make a search for products & suppliers, articles & news.

Norway contributes to safeguarding European economy

“Norway has today offered up to 6 billion SDR (equivalent to 7 billion euros) to the International Monetary Fund, as a bilateral loan to contribute to stabilising the European and international economy, and thus also to safeguard the Norwegian economy and Norwegian jobs”, says Prime Minister Jens Stoltenberg.

The loan will be part of ensuring that the IMF has sufficient lending capacity to assist member countries with emergency funding. This is vital also for countries in Europe.

 

“Many of Norway’s trade and cooperation partners are in a difficult economic situation. We have a strong interest in international economic and financial stability”, says Stoltenberg.

 

Norway’s loan offer is conditional, depending on a broader international effort.

 

The euro area countries promised Monday to make loans totalling 150 billion euros available for the IMF. Several EU countries outside the euro area have also declared their willingness to offer new loans. Countries outside Europe are considering additional contributions.

 

Pending the approval of the Norwegian Parliament, Norway’s loans will be made available to the IMF’s general lending operations. The funds will therefore be available for all IMF member countries, and not earmarked for any particular region or group of countries.

Related news

Latest news

Vestdavit agrees dive boat cooperation with Hukkelberg

Opportunities in the offshore market are resurfacing after a long dry spell,

PLAR-4000 plays role in NZ seamanship excellence

The relationship between Vestdavit and Australian-headquartered Antelope Engineering extends back to 2000,

To meet the special duties envisaged,

The PL-3600R davit is equipped with shock absorbers,

Olympic Commander keeps Vestdavit alongside for Med rescue mission

To meet the special duties envisaged,

New After Sales Director on-board

Henric will take responsibility for building up strong,

MAINTENANCE CONTRACT WITH STATOIL TJELDBERGODDEN

Beerenberg has entered into a 7-year contract for ISO and other supporting services at Statoil’s Tjeldbergodden facilities. The contract is running from 1 January 2018.

DNV GL: Standardisation can help enable the digital transformation of shipping

DNV GL’s new position paper focuses on the collection of ship sensor data, 

Industry's preferred pipeline standard gets update by DNV GL

A number of requirements related to linepipe fabrication,

Servogear Hybrid CPP for the World’s First Hybrid Catamarans in Commercial Traffic

Norled AS is one of Norway’s largest ferry and express boat operators.