The Nordic Development Fund (NDF)
The Nordic Development Fund (NDF) is the joint development finance institution of the five Nordic countries. The objective of NDF's operations is to facilitate climate change investments in low-income countries. NDF finances in cooperation with bilateral and multilateral development institutions. The operations mirror the Nordic countries’ priorities in the areas of climate change and development. NDF’s capital is provided from the development cooperation budgets of the five Nordic countries. The Nordic Development Fund finances the Nordic Climate Facility, which funds projects that have a potential to combat climate change and reduce poverty in low-income countries.
Projects are normally identified by governments in partner countries according to national priorities. NDF also has strong relationships with Multilateral and Bilateral Development banks, so projects are often identified through these partnerships.
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EUR 1 billion