Norway has given 124 million kroner to the World Economic Forum
Norway has provided 124 million kroner in aid to the World Economic Forum (WEF), indicating a substantial financial commitment since 2015.
Norway has contributed a total of 124 million kroner in aid to the World Economic Forum (WEF), an organization known for hosting one of the most high-profile annual conferences in Davos. According to a review by Finansavisen, this significant funding has been provided by the Norwegian government since 2015 and demonstrates the country's ongoing financial commitment to the organization. The first contract between Norwegian authorities and WEF was established in 2015 and was renewed in 2021.
The financial relationship between Norway and the WEF is marked by the involvement of Børge Brende, who transitioned from his role as Norway's Foreign Minister to become the president of WEF in 2017. Since his appointment, Norway has disbursed around 70 million kroner to the WEF. This move reflects Norway's strategic interests in global economic discussions and highlights the importance the country places on participating in international dialogues related to economic issues.
Brende's compensation for his role at WEF has also come under scrutiny, with Finansavisen reporting that his annual salary exceeds 1.9 million dollars, equivalent to around 19 million kroner. This raises questions about the use of public funds for contributions to an organization led by a former government official, prompting discussions about accountability and transparency in international aid allocations. The affiliations between Norwegian authorities and WEF demonstrate a blend of diplomacy and economics that highlights Norway's active participation in global governance.