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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 and lower-middle-income countries for mitigation and adaptation activities. NDF finances in cooperation with bilateral and multilateral development institutions through co-financing. The operations mirror the Nordic countries’ priorities in the areas of climate change and development.

The Fund finances the Nordic Climate Facility and Energy and Environment Partnership Trust Fund (EEP Africa), which funds projects that have a potential to combat climate change and reduce poverty in low-income and lower-middle-income countries. NDF financing is provided mainly for technical assistance and for investments.

Support provider

Denmark, Finland, Iceland, Norway and Sweden

Purpose of support

Project and program implementation

Eligible countries and regions

Support is provided in low-income and lower-middle-income countries which are eligible for support from IDA (less than USD 1,165 per capita income in 2016), and have previously received NDF support. Generally, both of these criteria should be fulfilled.

Africa: Benin, Burkina Faso, Cape Verde, Ethiopia, Ghana, Kenya, Malawi, Mozambique, Rwanda, Senegal, Tanzania, Uganda, Zambia, Zimbabwe
Asia: Bangladesh, Cambodia, Kyrgyz Republic, Lao PDR, Maldives, Mongolia, Nepal, Pakistan, Sri Lanka, Vietnam
Latin America: Bolivia, Honduras, Nicaragua

Under certain conditions, NDF may also provide assistance to other low-income and lower middle-income countires on a case-by-case basis. Please note that although 26 countries are eligible, according to the fund's 2015 strategy, NDF intends to focus its activities on 18 countries.

Eligibility criteria

Eligible areas for NDF financing include climate change mitigation and adaptation activities. As NDF is a co-financing institution, NDF financing normally constitute a part of the whole project or programme financing. The NDF-financed component of the co-financed project or programme should be in line with NDF’s mandate and eligibility criteria.

Financial instruments

Grants, Concessional loans, Equity

Co-financing requirements (if applicable)

NDF is a co-financing institution.

Decision-making information

NDF is a multilateral development finance institution established by the five Nordic countries Denmark, Finland, Iceland, Norway and Sweden in 1989. The Fund’s Board of Directors makes all grant decisions, while the Control Committee oversees that the operations are conducted in accordance with the Statutes.

NDF’s Managing Director is responsible for the conduct of the day-to-day operations. NDF’s headquarters are in Helsinki, Finland, in the same building complex as the Nordic Investment Bank (NIB), the Nordic Environment Finance Corporation (NEFCO) and the Nordic Project Fund (Nopef). NIB provides support to NDF regarding office premises, staff administration, IT services, accounting and liquidity management.

Monitoring and reporting procedures

Oversight from relevant institutions and the NDF depends on where financial support is employed as per project design.

Information on how to...

Understand steps to access

Access co-financing

Know what activities are eligible for support

Get the private sector involved

Climate objective

Adaptation, Mitigation, Cross-cutting

Sectors and themes

Disaster risk reduction, Nature-based Solutions and Ecosystem Services, Energy efficiency, Forestry and Land-Use, Health, Jobs, Oceans and Coasts, Poverty, Renewable Energy, Transport, Waste Management

Type of support provider

Multilateral

Type of recipient

Public entity at the national level, Public entity at the sub-national level, Public entity at the regional level, International organization, Private sector

Fund size

EUR 410 million

Co-financing required

Yes

Trustee or administrator

Governments of Denmark, Finland, Iceland, Norway and Sweden

Contact information

http://www.ndf.fi

info.ndf@ndf.fi

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The Nordic Development Fund (NDF)

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