NDF - Financing for climate change and development projects

NDC Pipeline Accelerator [NDF C98]

1.02.2017
The NDC Pipeline Accelerator Trust Fund is an IDB led climate finance facility aimed at fast tracking bankable and sustainable projects that move Latin America and the Caribbean closer to realizing the targets of the 2015 Paris climate conference.

Objective

The NDC Pipeline Accelerator Trust Fund is an IDB led climate finance facility aimed at fast tracking bankable and sustainable projects that move Latin America and the Caribbean closer to realizing the targets of the 2015 Paris climate conference. It is one of the pillars of the IDB's NDC Invest platform and part of an integrated strategy to support countries in the next phase of delivering on the Paris commitments.

The Fund will provide grant support to cover the added costs of embedding climate and sustainability considerations in upstream project preparation and design and enable IDB project teams and country level counterparts to build in planning for low carbon growth, climate resilience and sustainability early in the project cycle.

NDF joins the Fund as the anchor donor, making finance available quickly and sending a signal to mobilize additional donors.

Financing

NDF financing to the Fund consists of a EUR 10 million grant. The IDB will commit USD 4 million in co-finance covering the first 4 years of operations and assess further commitments on a rolling basis. The IDB targets an additional USD 10 million from other donors by the end of 2017.

NDF Contact

Program Manager Aage Jorgensen
Telephone +358 10 618 002

More information
Press release: IDB approves multi-donor trust fund to support sustainable project delivery

NDC Invest
Proposal for Final Consideration NDF C98

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