Strengthening the efficiency of funding policy

Description What is done in the programme or project and why, what results are pursued, who benefits from the activities and who are involved in the implementation.

KEO-50 finances development instruments to support the strengthening of private sector in developing countries. International development banks play an important role in international development finance policy and in Finland's development policy. Finland's most important channels of influence in development banks are capital increase and additional financing negotiations, annual meetings, thematic fund cooperation, Board work and participation in the work of the Executive Boards and other activities with development banks. The Finnish Tax and Development Program brings together policy influence and development cooperation. The program aims to strengthen the tax base of developing countries and promote international corporate taxation. The program has been implemented now for three years. Systematic advocacy work and quality assurance in development cooperation activities is required by all KEO-50 instruments, as well as traveling and extensive interaction and face-to-face interaction with partners in international meetings and in Finland. The amount of 50,000 euro has been allocated in year 2020.