Nordic Development Fund

Established in 1989, the Nordic Development Fund (NDF) is a joint development finance institution of the Nordic countries. It supports climate change–related projects in Africa, Asia, and Latin America, usually in cooperation with trusted partners.

At a Glance

Cumulative Project-Specific Cofinancing

$64.5 million

  

Cumulative Trust Funds Contribution

$17.6 million

  

2020 Trust Funds Contribution

  • $9.8 million

For its collaborations with ADB, the NDF prioritizes projects on climate change mitigation and adaptation, infrastructure, natural resources management, and capacity building in Bangladesh, Cambodia, the Lao People’s Democratic Republic, Myanmar, Nepal, Sri Lanka, and Viet Nam. The fund supports the ADB Ventures, a venture capital and technical assistance fund that helps early-stage growth companies operating on technology and delivers development impact to its beneficiaries in Asia and the Pacific.

1 January 2014–31 December 2020 Cofinanced Project
Country Project Cofinancing Amount ($ million) Type of cofinancinga
Bangladesh Capacity Development of Bangladesh Railway for Project Implementation 0.4 TA
Cambodia Mainstreaming Climate Resilience into Development Planning (Supplementary) 1 TA
Rural Roads Improvement II 5.4 TA
Nepal Building Climate Resilience of Watersheds in Mountain Eco-Regions 4.6 G
Viet Nam Sustainable and Resilient Urban Development 0.6 TA
Regional Enhancing Readiness of ADB Developing Member Countries forScaled Up Climate Finance—Supplementary 0.5 TA
Harnessing Climate Change Mitigation Initiatives to Benefit Women (Supplementary) 0.5 TA
Implementation of Sustainable Transport in Asia and the Pacific — New Approaches to Implement Sustainable Low Carbon Transport in Asia and the Pacific Region (Subproject 5) (Supplementary) 0.6 TA
Regional Capacity Development for Strengthening Resilience to Climate Change in the Health Sector in the Greater Mekong Subregion 4.4 TA

a G for grant, TA for technical assistance

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