No Image

Nordic Development Fund


The Nordic Development Fund (NDF) is the joint development finance institution of the five Nordic countries. The objective of NDF's operations is to facilitate climate change investments in low-income countries.  

NDF finances in cooperation with bilateral and multilateral development institutions. The operations mirror the Nordic countries’ priorities in the areas of climate change and development. NDF’s capital is provided from the development cooperation budgets of the five Nordic countries.

This is NDF

  • A multilateral development finance institution established by Denmark, Finland, Iceland, Norway and Sweden in 1989.
  • The original, subscribed fund capital by the Nordic countries equivalent to EUR 1 billion.
  • Provided 188 concessional credits to its partner countries during 1989-2008.
  • New mandate in 2009 (climate change and development).
  • Headquarters in Helsinki, Finland