NDF - Financing for climate change and development projects

Newsroom: News

View over Hamburg and the river Elbe. Photo: Wolfgang Meinhart

Forum for German and Latin American Mayors highlights innovative and forward-looking projects for sustainable urban development

Fast-growing cities all over the world face many of the same challenges when it comes to transport, waste, and energy. On top of this, cities increasingly experience the impacts from a changing climate.

The conference in Cartagena, Colombia and was co-hosted by the IDB, the MIF and NDF. Photo: Boris G, creative commons

The project was launched in a conference earlier this week in Cartagena, Colombia

Successful businesses must interpret the early signs of climate risk, build organisational leadership and invest in effective solutions.

The 2016 Annual Meetings of the African Development Bank took place from 23 to 27 May, 2016 in Lusaka, Zambia

May 27, 2016 - NDF joined the African Guarantee Fund (AGF) to lead a launch of the new AGF Green Guarantee Facility at a side event on Wednesday during the annual meetings of the African Development Bank (AfDB).

An audience of more than fifty people including senior management from the AfDB, high level representatives from Denmark, Finland, France, India, Norway and Sweden as well as financial sector partners and press were gathered for the event which t


Climate-health linkages are rapidly emerging as a focus area for development finance. A seminar co-hosted by the Nordic Development Fund (NDF), the World Bank and the World Health Organization (WHO) in Helsinki on 19-20 May 2016 brought together health experts and development financers to map out the way forward.

The Helsinki seminar attracted 54 experts representing major development banks, aid agencies, foundations, universities and NGOs, as well as the host organisations.

From left: James Close, the World Bank, Maria Neira, the WHO, Pasi Hellman, NDF

This week (19-20 May 2016) the Nordic Development Fund (NDF), the World Bank (WB) and the World Health Organization (WHO) are co-hosting a seminar in Helsinki bringing together health experts and development financers to discuss how projects addressing links between climate change and health should be planned and funded.

Scientific evidence clearly indicates that climate change will have devastating impacts on human health in the absence of adequate preventive and adaptive measures. This issue is an important emerging focus area for development finance.

Photo: NDF

A delegation from the African Guarantee Fund (AGF) led by CEO Felix Bikpo visited NDF on Thursday.

The visit came shortly after NDF officially joined AGF as its newest shareholder in April and served to reinforce the close collaboration between the two institutions.

Photo: GRV Global

Addressing climate resilient infrastructure in Africa

The Africa Climate Resilient Infrastructure Summit (ACRIS II) took place in Addis Ababa on 20-21 April and was organised by the African Union Commission (AUC), the UN Economic Commission for Africa (UNECA) and the World Bank.


NDF joins the African Guarantee Fund (AGF) to support African small and medium-sized enterprises (SMEs) investing in green growth and climate resilient development.

NDF joined the group of shareholders of AGF today during a meeting of the AGF Board of Directors in Mauritius.

Cover of Annual Report 2015

Read about NDF’s activities during 2015 in the newly published Annual Report.

In 2015, NDF consolidated its activities that combine addressing causes and consequences of climate change with the promotion of economic and social development, and poverty reduction in NDF partner countries in Africa, Asia and Latin America.

Road inspection as part of the PPRR with ADB and MRD staff. Photo: NDF

The Asian Development Bank (ADB) is currently conducting a Project Procurement Related Review (PPRR) of two road transport projects in Cambodia which are co-financed by NDF.


NDF experiences in enhancing climate resilience in road transport projects, and working in collaboration with the World Bank and other multilateral development banks, were highlighted at a WB event in Washington D.C.

NDF was invited to the 2016 Transport and ICT Learning Forum (8-10 March 2016), an annual gathering of about 300 World Bank transport experts from around the world.

Photo: NDF

International action on climate change, after the Paris climate agreement in December 2015, was under focus when NDF hosted a high level visit from the Geneva-based World Meteorological Organization (WMO).

Petteri Taalas, WMO’s recently appointed Secretary-General, and Mary Power, WMO Director for Resource Mobilization and Development Partnerships, held discussions with NDF management, led by Pasi Hellman, Managing

AfDB Headquarters, Abidjan – CCIA Building

A joint AfDB-NDF seminar highlights practical examples of how to integrate climate change into the transport sector

AfDB and NDF held a seminar for the Bank’s transport staff on how to integrate climate change into the transport sector.


NDF co-financed Emerging and Sustainable Cities Initiative (ESCI) presents the Action Plan for the Honduran capital at public event in Tegucigalpa

Tegucigalpa, Honduras 25 February 2016.


NDF brought together some thirty participants from NDF, NEFCO and NIB, as well as representatives from the Finnish government ministries and other stakeholders, to focus on climate finance issues post-Paris climate summit.



NDF Mission to AfDB Highlights Portfolio Growth and New Co-finance Opportunities

Pasi Hellman, Managing Director of NDF, introduced the new NDF Strategy during an NDF event on Mobilizing Climate Finance at the headquarters of the African Development Bank in Abidjan on Thursday.

Photo: Matthias Zirngibl, CC Licence

Investment Prioritization for Climate-Resilient Livelihoods and Ecosystems in the Coastal Zones of Tanzania

Building resilience to short-term climate variability and long-term climate change is a critical development issue for Tanzania, more so within the context of the country’s vision of economic transition over the coming decades.

New sources of income for local communities in Nepal

Thousands of community forests have been established around Nepal to protect soils, watersheds and biodiversity by preventing forest degradation, flooding and erosion. But for forest conservation to be truly sustainable, ways must be found for local people to benefit from these forests.

Over the last two years NCF has been backing a project designed to build up small-scale businesses based on the commercial utilisation of non-timber forest products in community forests in four regions: Rasuwa and Makwanpur in the Himalayan footh

Yacine Diouf, Housekeeper

Read about how whole communities benefit by involving women in Sustainable Energy Management

Since 2010, NDF, together with the World Bank, has financed the PROGEDE II project in Senegal. The project aims to increase the availability of diversified household fuels in a sustainable and gender-equitable way.


The signed agreement is part of the regional Geothermal Exploration Project

A cooperation agreement has been signed with the Ministry of Energy and Minerals in Tanzania for support to geothermal development in the country under the joint Nordic Development Fund (NDF) and Icelandic International Development Agency (ICEIDA