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Norway Conducts First Creditor Debt Audit

August 20th, 2013

6a00d8341c7ee953ef017d3bfe5cac970cAugust 15 was an historic day for international debt justice. The Norwegian government launched the world’s first audit commissioned by a creditor, which evaluated the debt that developing countries owe to Norway. The report found that four of the 34 contracts were not in line with the UN Principles for Promoting Responsible Sovereign Lending and Borrowing from the UN Conference for Trade and Development (the UNCTAD Principles).

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