Danida Exits Latin America

    The Danish International Development Agency has decided to cut its financing for Latin America as Denmark restructures its cooperation strategy to focus more on “vulnerable and fragile” zones particularly in Africa, Danish Minister of Development and Cooperation Soren Pind said.

    “We are leaving Latinamerica but it will all happen in a serious and orderly manner,” Pind said during the presentation of Denmark’s new cooperation strategy for the next decade, as quoted by Merco Press.  

    The new Danish cooperation policy targets democracy and human rights, economic growth and employment, stability and fragility, and environment and climate change.

    In 2008, Denmark has committed some USD100 million for Latin American nations, of which Nicaragua and Bolivia were the primary beneficiaries.

    About the author

    • Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.