The Nordic Development Fund (NDF) is the joint international finance institution of Denmark, Finland, Iceland, Norway, and Sweden. Its mandate is focused on creating impact at the intersection of climate and development, with a specific focus on low-income countries (LICs).

Since adopting its climate and development-focused mandate in 2009, NDF has financed both
private and public sector projects. NDF targets opportunities where it is expected to have the
most impact.

In the private sector financing, NDF focuses on:
1. supporting early-stage, innovative vehicles that contribute to nascent markets through proof-of-concept projects; and <br>
2. investing in more proven markets that have strong demand for scaled investment.

Through these twin objectives, NDF aims to encourage investment into projects that would otherwise be deemed too high-risk and showcase and streamline the launch of good practice blended finance structures.

Convergence NDF 2-Pager final

Learn about the Nordic Development Fund's approach to blended finance.

Nordic Development Fund: Blended Finance Approach at a Glance

Nordic Development Fund and Convergence