NDF - Financing for climate change and development projects

IDB and NDF partner to address urban climate change and renewable energy

From left: Pasi Hellman, Managing Director of NDF, Luis Alberto Moreno, President of IDB, Leena Klossner, Deputy Director of NDF
20.11.2014

IDB and NDF sign an agreement for support to the Emerging and Sustainable Cities Initiative and renewable energy in Honduras.

The Nordic Development Fund (NDF) will provide a contribution of EUR 4 million in continued support to the Emerging and Sustainable Cities Initiative (ESCI) in Latin America. NDF resources will be used to follow-up on the results of previous NDF-IDB support to midsize cities in Bolivia, Honduras and Nicaragua. Another grant of EUR 0.5 million will be used to develop a strategy and investment plan for renewable energy in the Bay Islands in Honduras.

Two agreement were signed by Luis Alberto Moreno, President of IDB, and the NDF Management.

The NDF partnership with IDB is more than two decades old and the present NDF climate change portfolio with IDB consist of 21 projects to a total volume of EUR 53.6 million.

More information
Latin America: Emerging and Sustainable Cities Initiative (ESCI) II [NDF C68]
Honduras: Renewable Energy in the Bay Islands [NDF C75]