NDF - Financing for climate change and development projects

25 years of NDF and AfDB cooperation

Mr Désiré Vencatachellum, AfDB's Director for Resource Mobilisation and Partnerships, and Mr Pasi Hellman, NDF's Managing Director
Milestones in AfDB and NDF's 25 years of cooperation

NDF and AfDB: 25 years of collaboration and co-financing, and the partnership now stronger than ever

The annual meeting of the African Development Bank (AfDB), held in Ahmedabad, India, from 22 to 25 May, was also an occasion for NDF and AfDB to recognise their 25 year long history of collaboration in co-financing.

NDF and AfDB collaborated widely in projects broadly related to promoting economic and social development in African countries between 1992 and 2006. After a less active period, renewed efforts to collaborate  in 2013 led to signing of an MoU with joint focus on climate interventions and have led to a strengthened partnership and a rapidly growing portfolio of co-financed projects. Key themes of current NDF-AfDB collaboration efforts are climate-resilient infrastructure planning and development; supporting green growth and finance particularly focused on small and medium-sized enterprises; agriculture and agribusiness; and water.

The focus of the collaboration is aligned with AfDB's "High 5" priorities: Light up and power Africa, feed Africa, industrialise Africa, integrate Africa, and improve the quality of life for the people of Africa.

AfDB's Director for Resource Mobilisation and Partnerships, Mr Désiré Vencatachellum, and NDF's Managing Director, Mr Pasi Hellman, stated that the partnership is currently stronger than ever, as well demonstrated by AfDB President Akinwumi Adesina's visit to NDF in June 2016 and a robust pipeline of co-finance operations in preparation. Vencatachellum noted that NDF's support is often targeting exactly the kind of needs where resource gaps exist. Vencatachellum and Hellman also noted that the AfDB-NDF collaboration can provide examples and good practices for AfDBs approach for developing partnerships more generally

More information

AfDB President visits NDF
Presentation on AfDB-NDF cooperation and AfDB's High 5s