The Nordic Development Fund (NDF) is a multilateral development finance institution established in 1989 by Denmark, Finland, Iceland, Norway and Sweden.
The objective of the Nordic Development Fund's (NDF) operations is to facilitate climate change investments in low-income countries. NDF grants are made in cooperation with bilateral and multilateral development institutions. NDF’s operations mirror the Nordic countries’ priorities in the areas of climate change and poverty reduction. The operations are financed from the development cooperation budgets of the five Nordic countries.
Organisational Structure of NDF
NDF’s headquarters are in Helsinki, Finland, in the same building complex as the Nordic Investment Bank (NIB), the Nordic Environment Finance Corporation (NEFCO) and the Nordic Project Fund (Nopef). NIB provides support to NDF regarding office premises, staff administration, IT services, accounting and liquidity management.