NDF - Financing for climate change and development projects

Amended Cooperation Agreement with the World Bank

3.05.2012

On 19 April 2012, the World Bank and NDF signed an amended Cooperation Agreement

WASHINGTON, D.C. – During the Spring Meetings the World Bank and NDF signed an amended Cooperation Agreement. The initial Cooperation Agreement was signed in 1991. This agreement has now been updated to be more in line with NDF climate change mandate. The agreement provides the general framework for cooperation between the institutions and reflects the co-financing modalities used today. Since 2009, NDF has approved co-financing with the World Bank amounting to EUR 40 million for climate change projects.
The amended agreement was signed by Axel van Trotsenburg, Vice President, Concessional Finance and Global Partnerships, World Bank, Helge Semb, NDF Managing Director, and Leena Klossner, NDF Deputy Director.