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.

Unit for Development Finance and Private Sector Cooperation (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 Taxation for Development Action Programme by Finland brings together policy influence and development cooperation. The programme aims to strengthen the developing countries’ tax base. Ensuring the tax responsibility and transparency of companies supported with development cooperation funding is an important objective of the programme. The current programme covers the years 2020-2023. 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.