Feb 17 β€’ 05:36 UTC πŸ‡³πŸ‡΄ Norway Aftenposten

Norway participates in a new support fund for Ukraine – currently without funding

Norway has joined a new support fund for Ukraine's transport sector, but it has yet to decide on financial contributions.

Norway is participating in the establishment of a new support fund aimed at enhancing the transport sector in Ukraine, amidst ongoing discussions about its potential financial contributions. The Norwegian Minister of Transport, Jon-Ivar NygΓ₯rd, conveyed that while Norway is currently aiding Ukraine, it will evaluate the pros and cons of contributing to this fund in the future, following the example of other nations involved in the initiative. The immediate financial backing for the fund comes solely from Sweden, which has already allocated resources.

The transportation support fund has been established with the involvement of several countries including Denmark, Estonia, Germany, and the United Kingdom, along with Sweden, Lithuania, Canada, and Ukraine, all collaborating under the framework of the International Transport Forum. This collaboration highlights the international community's collective effort to assist Ukraine amid its ongoing recovery process, particularly in critical infrastructure sectors that are essential for economic stability and growth.

While Norway has already allocated significant financial assistance through the Nansen Program to the World Bank and the European Investment Bank, the Minister noted the need to assess Norway's future involvement in the new fund. The continued discussions at high-level meetings signify the importance of coordinated international support for Ukraine's transport sector and the broader implications for rebuilding efforts in a war-torn nation.

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