Fund Details
Fund Type
Bilateral Development Fund
Eligibility
Co-financing
Financier
The Nordic Development Fund (NDF)
Website
http://www.ndf.fi
Project-size
Financial Instrument
Sectors
Accessibles
Description
The Nordic Development Fund (NDF) is the joint development finance institution of the five Nordic countries. The objective of NDF's operations is to facilitate climate change investments in low-income and lower-middle-income countries for mitigation and adaptation activities. NDF finances in cooperation with bilateral and multilateral development institutions through co-financing. The operations mirror the Nordic countries’ priorities in the areas of climate change and development.
The fund mainlly provides financing via multilateral and bilateral development banks. All financing decisions are made by NDF’s Board of Directors. NDF will normally finance a component of a larger programme or project and the responsibility for procurement and contract negotiations rests with the national authorities. Projects have a national executing agency, and in relation to NDF, a lead agency engaged in development financing. All projects are screened against core project criteria: 1. The climate relevance and 2. The economic viability.