NDF - Financing for climate change and development projects


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 primarily in low-income countries.  

NDF finances projects usually in cooperation with bilateral, multilateral and other 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.

This is NDF

  • A multilateral development finance institution established by Denmark, Finland, Iceland, Norway and Sweden in 1988.
  • The original subscribed and paid-in capital by the Nordic countries is equivalent to approximately EUR 1 billion.
  • Provided 188 concessional credits to its partner countries during 1989-2008.
  • New mandate in 2009 (climate change and development).
  • Headquarters in Helsinki, Finland