Consultations and Expert Event on Modalities of Financing for Development

Bilateral initiative facts

Promoter:
Ministry of Foreign Affairs of the Republic of Slovenia(SI)
Bilateral initiative number:
SI-BI005
Status:
Completed
Initial cost:
€20,000
Actual cost:
€11,114
Initiative Types:
Conference
Workshop or seminar
Partners:
Norwegian Ministry of Foreign Affairs
Norfund-Norwegian Investment Fund for Developing countries
Norad-Norwegian Agency for Development Cooperation(NO)
Programme:
Programme areas:

Description

Slovenia is exploring possibilities of bringing Slovenian private sector, the non-governmental sector and other stakeholders closer to opportunities offered by a wide range of financial instruments geared towards the development of partner countries. The foundation of a national development bank is being considered.  With Norwegian colleagues and other relevant experts, a 2-day expert event will be organized to answer the following questions: What is the most meaningful step forward for Slovenian private sector to be involved in EU and other international financial instruments in the field of

Summary of the results

The Consultations and Expert Event on Modalities of Financing for Development was carried out in two parts. The first part was held in June 2023 within the framework of the 5th Conference on the Internationalization of the Slovenian Economy in Maribor. The representative of the Norwegian investment fund NORFUND participated in the panel entitled "Inclusion of the Private Sector in International Programmes and International Development Cooperation" and presented the work and experience of this fund. The second part took place in October 2023 within the framework of the 11th Slovenian Development Days in Ljubljana.  The event consisted of several panel discussions. One of the panels focused on the EU Global Gateway strategy with an emphasis on opportunities for smaller countries and small and medium-sized companies. The EU Global Gateway strategy represents the EU''s response to global challenges and combines investments in development projects in the fields of digitization, climate and energy, transport, health, research and education. In another panel, good practices involving the private sector in international development cooperation were showcased. The experiences of the Norwegian Agency for Development Cooperation NORAD and the companies “Emata.ug” and “Computas” were presented. The basic framework and possibilities for involving the private sector in Slovenian development aid projects were also presented.

Information on the projects funded by the EEA and Norway Grants is provided by the Programme and Fund Operators in the Beneficiary States, who are responsible for the completeness and accuracy of this information.