NDF - Financing for climate change and development projects

Legal framework, policies and guidelines

Nordic Development Fund (NDF or Fund) is  an international financial institution (IFI *) governed by its constituent documents; the Agreement concerning NDF between Denmark, Finland, Iceland, Norway and Sweden, the NDF Statutes, as well as the Host Country Agreement concluded between NDF and the Government of Finland. Each Nordic country has endorsed the Agreement concerning  NDF in accordance with its respective national procedures.

As an IFI, NDF has the status of an international legal person with full legal capacity to enter into agreements; to acquire and dispose of immovable and movable property; and to be a party to legal proceedings. Furthermore, the constituent documents define the privileges and immunities of NDF and its personnel and set out the structure for the governance of the Fund. As an international legal person, NDF is not entered into the trade register in any of the member countries.

In its governance principles, NDF promotes sustainability, equality, transparency, predictability, accountability and responsibility.
In addition to the constituent documents, NDF's activities are governed by a number of policies, guidelines and strategies adopted by the Board of Directors or the Managing Director.

*International Financial Institution is a financial institution that has been established by more than one country, and hence is a subject of public international law. Its owners or member are generally national governments. 

Our publicly available policies and guidelines can be found in the file listing below.

Constituent documents

NDF Agreement and Statutes
Host country agreement


 Code of Conduct for the Board of Directors and the Managing Director
Rules of Procedures of the Board of Directors
NDF Staff Code of Conduct

Institutional Policies and Guidelines

Policy on Access to Information
Policy on Anticorruption and Integrity
Anticorruption Guidelines
 Arbitration Regulations for settlement of employment-related disputes 

Operational Policies and Guidelines

Gender Equality Policy
 General Procurement Guidelines for Projects
Guidelines for Project Identification and Screening
NDF Environmental and Social Policy and Guidelines
NDF Policy on taxes 
NDF Position Paper on Biofuels
NDF Position Paper on Energy Subsidies
IFI Framework for a Harmonised Approach to Greenhouse Gas Accounting

Disbursement Instructions

NDF Disbursement Instructions 2014 
Appendix A Example Disbursement Letter
Appendix B Example Disbursement Commencement Letter
Appendix C Sample Legal Opinion
Appendix D Sample Authorisation Letter
Appendix E Disbursement Request Form 
Appendix F Special Commitment Application Form

Appendix G Example Standard Form for Special Commitment
Appendix H Special Commitment Payment Request Form
Appendix I Sample Special Account Application Letter
Appendix J Sample Special Account Bank Confirmation Letter
Appendix K Statement of Expenditure Form

In French/En français
Politique contre la corruption et pour l'integrite du FND

Instructions de décaissement du FND