The Nordic Development Fund is owned by five Nordic countries and focuses exclusively on climate change and development projects in low and lower-middle income countries. It has total assets of 880 million and provides grant-based co-financing for 88 active climate finance projects totaling €244 million. Under its new 2016 strategy, the Fund will focus on catalyzing private sector investment, supporting climate innovation, and piloting high-risk climate interventions through grant and blended financing.

1. Climate Finance and the
Private Sector
Paris, March 1, 2016

2.  The only joint Nordic finance institution focused exclusively
on climate change and development in low and lower-
middle income countries
 Owned by Denmark, Finland, Iceland, Norway and Sweden
 Headquartered in Helsinki, Finland
 Established in 1989
 Climate mandate adopted in 2009
 Total assets of 880 million
Nordic Development Fund 2
NDF Today

3. Nordic Development Fund 3
Approx. Regional Distribution
Africa 50%
LAC 30%
Asia 20%
Portfolio
 Grant-based co-finance with MDBs for climate change
mitigation and adaptation projects
 88 active climate finance projects
 €244 million in total commitments
 Range of public and private sector beneficiaries

4. 4Nordic Development Fund
Where Do WeWork

5. Nordic Development Fund 5
Enabling Green Infrastructure
 Climate ResilientTransport
• Financing technical assistance and capacity building
for climate resilient transport in Mozambique,
Rwanda, Zambia
 Climate ResilientWater Infrastructure
• Climate themed Call for Proposals for
preparation of bankable projects in water sector
 Emerging and Sustainable Cities Initiative
• Financing green growth planning for cities in Latin
America

6. Nordic Development Fund 6
Case Studies in Concessional Finance
 Energy EfficiencyTechnical Assistance
And Guarantee Fund for Latin America
• Concessional finance facility supporting
private sector investment in EE
 Climate Smart Agriculture Fund for Latin
America and the Caribbean
• Concessional finance facility supporting
climate related private sector innovations in
agriculture, livestock and forestry

7. Nordic Development Fund 7
Innovation Awards
 4 UNFCCC Lighthouse Momentum
for Change Awards at COP21
 AfricaWater Facility - "2015
Project Preparation Facility of the
Year"

8. Nordic Development Fund 8
New 2016 Strategy

9. Nordic Development Fund 9
 Catalytic Role and Leverage targeting projects with
significant scale-up potential
 Project Preparatory Funding targeting opportunities early
in the project cycle
 Support for Innovation targeting new climate solutions,
new financing tools and new partners
 Support for Private Sector Development harnessing
immense private sector potential for climate solutions
 Piloting of high risk interventions with targeted grant and
blended finance
 Emerging Climate Change Issues allowing for dynamic
and evolving climate threats and solutions
Strategic Focal Areas

10. Nordic Development Fund 10
In the Pipeline
 Green Guarantee Facility
• NDF will join AfDB, Denmark, Spain and
France as shareholder in AGF
• Pilot launch in Cote d'Ivoire, Ghana,
Kenya and Zambia in 2016
• SMEs investing in renewable energy,
energy efficiency, climate smart
agriculture, resource efficient
production and
• SMEs providing distributed generation
in place of traditional grid infrastructure

11. Nordic Development Fund 11
info.ndf@ndf.fi
www.ndf.fi
Thank you!