Key points
- NDF is the joint Nordic international finance institution (IFI) focusing on the nexus between climate change and development in lower-income countries and countries in fragile situations. NDF’s primary focus is on climate change mitigation and adaptation.
- One specificity of NDF is its focus on adaptation: NDF’s prioritises projects focused on adaptation and resilience, and projects delivering synergetic adaptation and mitigation benefits
- Based on NDF strategic direction, three guiding targets have been defined:
- At least 50% directed towards adaptation projects
- At least 60% targeted towards Sub-Saharan Africa
- At least 50% of financing with grants
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