Norway considers permanent aid hike

An underpublicized agreement in the recent 2001 state budget negotiations could end up boosting Norway's development aid to poor countries.

The ruling Labour Party and the centrist alliance in Parliament have agreed to consider creating a stand-alone development fund that wold receive regular injections of surplus oil revenue to ensure that Norway donates 1 percent of its annual gross domestic product (GDP) to developing nations. Such foreign aid now accounts for about .08 percent of GDP, a figure that puts Norway among the most generous countries in the world.