NDF - Financing for climate change and development projects

The Annual Report for 2019 is now published


Year 2019 shows NDF is an impactful player and a tool for Nordic financing in climate change and development 

In 2019, NDF continued to build its portfolio of high-impactful projects to fight climate change. Eight new projects were approved during the year, which raised the total accumulated climate finance portfolio to EUR 410 million with 117 ongoing or completed projects in Africa, Asia and Latin America. In all regions, the portfolios reflect the importance of climate change mitigation and adaptation projects, across a variety of sectors: transport, urban development, water, development of green finance mechanisms as well as health. 

An external evaluation about NDF’s activities was carried out during the year. The outcome of the evaluation confirmed NDF’s niche in the global climate finance architecture and has provided input to a revised strategy for the organisation. The strategy process is still ongoing and is expected to lead to the strengthening of NDF’s financial resources by the owner countries.  

To read more about the projects approved in 2019, overall statistics and the financial statements, please open the publication here.