NDF - Financing for climate change and development projects

Legal framework, policies and guidelines

Nordic Development Fund (NDF or Fund) is governed by its constituent documents, namely the Agreement concerning NDF between its member countries and the pertaining Statutes, as well as the Host Country Agreement concluded between NDF and the Government of Finland. These establish that NDF is the joint international development financing institution of Denmark, Finland, Iceland, Norway and Sweden. Furthermore, the constituent documents stipulate that NDF has the status of an international legal person with full legal capacity, define the privileges and immunities of the Fund and its personnel and set out the structure for the governance of the Fund.

The Agreement concerning NDF has been ratified by each Nordic country in accordance with their respective national procedures. As an international legal person, NDF is not entered into the trade register in any of the member countries.

In addition to the constituent documents, NDF's activities are governed by a number of policies, guidelines and strategies adopted by the Board of Directors or the Managing Director. The following documents are publicly available:

Constituent documents

NDF Agreement and Statutes
Host country agreement

Cooperation Agreements

Cooperation Agreement NDF-AfDB
Cooperation Agreement NDF-WB
Cooperation Agreement NDF-ADB

Cooperation Agreement NDF-IDB


NDF Strategy

Operational Policies and Guidelines

Guidelines for Project Identification and Screening
General Procurement Guidelines for Projects
Anticorruption Guidelines
Policy on Anticorruption and Integrity
Politique contre la corruption et pour l'integrite du FND
NDF Environmental and Social Policy and Guidelines

NDF Position Paper on Biofuels
NDF Position Paper on Energy Subsidies

NDF Policy on taxes
Policy on Access to Information
IFI Framework for a Harmonised Approach to Greenhouse Gas Accounting

Institutional Policies and Guidelines

Rules of Procedures of the Board of Directors
 Code of Conduct for the Board of Directors and the Managing Director
NDF Staff Code of Conduct
 Arbitration rules for settlement of employment-related disputes

Disbursement Instructions

NDF Disbursement Instructions 2014
Appendix A Example Disbursement Letter
Appendix B Example Disbursement Commencement Letter
Appendix C Sample Legal Opinion
Appendix D Sample Authorisation Letter
Appendix E Disbursement Request Form
Appendix F Special Commitment Application Form
Appendix G Example Standard Form for Special Commitment
Appendix H Special Commitment Payment Request Form
Appendix I Sample Special Account Application Letter
Appendix J Sample Special Account Bank Confirmation Letter
Appendix K Statement of Expenditure Form

Instructions de décaissement du FND