IDB and NDF partner to help Latin American and Caribbean cities to address climate change

IDB and NDF signs an agreement for support to IDB’s Sustainable Emerging Cities Initiative

Mr. Helge Semb, Managing Director of NDF; and Mr. Luis Alberto Moreno, IDB President. Photographer: Arlette Pedraglio, IDB

MONTEVIDEO, Uruguay – The Nordic Development Fund (NDF) will provide a contribution of 2.1 million euros (US$2,780,000) to support an Inter-American Development Bank (IDB) project to execute climate change action plans in emerging and sustainable cities in Latin America and the Caribbean.

NDF resources will be used to finance the development of climate change adaptation and mitigation action plans for midsize cities in Bolivia, Honduras and Nicaragua.

The agreement was signed during the IDB’s annual meeting in Montevideo between IDB President Luis Alberto Moreno and Satu Santala, NDF’s Chair of the Board, and NDF Managing Director, Helge Semb.

The project builds on a special program and a Multidonor Fund for the IDB’s Sustainable Emerging Cities Initiative, which will help countries in Latin America and the Caribbean address development challenges such as environmental sustainability and climate change, sustainable urban development, governance and fiscal sustainability.

More information

Latin America: Climate Change and Sustainable Cities