The Nordic Development Fund (NDF) is the joint development finance institution of the five Nordic countries: Denmark, Finland, Iceland, Norway and Sweden. 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. The operations are financed from the development cooperation budgets of the five Nordic countries.
In the period 1990-2008 NDF provided about 275 million dollars as concessional credits to 32 road infrastructure projects in Africa, Asia and Latin America. The road transport sector continues to be a key sector for NDF, after the institution changed its mandate in 2009, and now provides financing to developing countries in the area of climate change and development. NDF currently finances five climate change adaptation projects in the road sector in these countries: Cambodia, Nicaragua, Vietnam, Senegal and Zambia. A new transport adaptation project is under development for Mozambique.
The NDF support is in most cases linked to a large transport sector programme involving also other financiers. Projects that are currently under implementation seek to mainstream climate change into road planning and investments. The NDF components typically include elements such as vulnerability mapping, capacity development, policy and planning, cost-benefit analysis, and revision of technical norms and design standards. NDF support is mainly delivered through technical assistance contracts and financing of pilot projects. The size of NDF’s contribution normally ranges between two to five million EUR.
Nordic Development Fund
P.O. Box 185
Visiting address: Fabianinkatu 34
Tel: +358 10 618 002