Governance

NDF is a multilateral development finance institution, governed by an Agreement and Statutes signed in 1988 between its five Nordic member countries–Denmark, Finland, Iceland, Norway and Sweden. Furthermore, NDF has signed a headquarters agreement with the Government of Finland.

The Fund’s Board of Directors makes all grant decisions, while the Control Committee oversees that the operations are conducted in accordance with the Statutes. NDF’s Managing Director is responsible for the conduct of the day-to-day operations.

NDF’s headquarters are in Helsinki, Finland, in the same building complex as the Nordic Investment Bank (NIB), the Nordic Environment Finance Corporation (NEFCO) and the Nordic Project Fund (Nopef). NIB provides support to NDF regarding office premises, staff administration, IT services, accounting, liquidity management and legal assistance.