NDF - Financing for climate change and development projects


Photo: Jacob Dall

The Nordic Development Fund (NDF) is the joint development finance institution of the five Nordic countries i.e. Denmark, Finland, Iceland, Norway and Sweden. NDF was established in November 1988 and commenced operations in February 1989. The objective of NDF's operations is to facilitate climate change investments, primarily in low-income countries.  

NDF finances projects usually in cooperation with bilateral, multilateral and other development institutions. The operations mirror the Nordic countries’ priorities in the areas of climate change and development. NDF flexibly uses grants, loans, equity and any combination of these as financing instruments.

NDF’s capital is provided from the development cooperation budgets of the five Nordic countries. The original subscribed and paid-in capital by the Nordic countries is equivalent to approximately EUR 1 billion.

NDF's headquarters is located in Helsinki, Finland.