Finland is allocating €1.1 billion euros ($1.4 billion) for its development cooperation budget in 2013 — an amount equivalent to 0.55 percent of the country’s gross national income.
The amount was proposed by the Finnish government in the 2013 budget review it submitted to the parliament for approval. Parliament has to decide on the budget before the start of the fiscal year on Jan. 1.
Of the overall amount for development cooperation, some €892.6 million will be spent on core aid programs. This is the same budget as the current year and reflects Finland’s decision to keep the aid budget for 2013 — and 2014 — at the same level as the 2012 budget.
A comprehensive plan on how the €892.6 million will be spent is not yet available, but priorities are expected to be in line with the development policy Finland adopted in February. The policy focuses on a rights-based approach to development, as Finnish minister for international development Heidi Hautala described in a conversation with Devex.
Under the policy, Finland will continue its focus on poverty eradication while also emphasizing gender equality, climate sustainability and reduction of inequality. It’s key partner countries will be Ethiopia, Nepal, Zambia, Kenya, Tanzania and Mozambique.
Aside from core development projects, the €1.1 billion euros will finance Finland’s engagement with Baltic Sea countries, among other aspects of the country’s cooperation programs. The proposed budget also includes €64 million worth of climate change finance for developing countries in 2013.
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