Showing posts with label Norway. Show all posts
Showing posts with label Norway. Show all posts

Monday, November 4, 2019

Nepal, Norway discuss energy, trade, investment

Nepal and Norway discussed on enhancing cooperation in the areas of energy, trade and investment. Issues of mutual interest in the regional and multilateral forums, including impacts of climate change.
During a meeting at the Foreign Ministry in Kathmandu, foreign minister  Pradeep Kumar Gyawali and Minister of International Development of Norway Dag-Inge Ulstein also exchanged views on various aspects of bilateral relations.
“Issues of mutual interest in the regional and multilateral forums, including impacts of climate change, were also discussed during the meeting,” reads a press note issued by the Foreign Ministry.
Present on the occasion were other members of the Norwegian delegation and officials from the Royal Norwegian Embassy in Kathmandu and senior officials from the ministry.
Ulstein is on a three-day visit to Nepal to participate in the Scaling Up Nutrition (SUN) Conference being organised in Kathmandu.
The talks were followed by the signing of a Memorandum of Understanding (MoU) on the establishment of a bilateral consultation mechanism between the Foreign Ministries of Nepal and Norway. Joint Secretary at the Europe and America Division of the Ministry Nirmal Raj Kafle, and ambassador of Norway to Nepal Lasse Bjørn Johannessen signed the MoU on behalf of their respective governments. The two ministers witnessed the signing ceremony. This mechanism provides a permanent platform to exchange views between the two Foreign Ministries in the overall aspects of bilateral relations on a regular basis.

Sunday, March 8, 2009

Norway, Finland strong

The Country Risk Service publishes regular ratings on 120 sovereigns. The ratings for emerging markets are updated monthly while those for most developed countries are updated bi-annually. The sovereign rating measures the risk of a build-up in arrears of principal and/or interest on foreign- and/or local-currency debt that is the direct obligation of the sovereign or guaranteed by the sovereign.
Only Norway and Finland scored AAA -- that means the country has capacity and commitment to honour obligations not in question under any foreseeable circumstances.
Only one country Zimbabwe has D -- that means very weak capacity and commitment to honour obligations. Poor payment record. Currently in default on significant amount of obligations.

(According to the February 2009 report.)