Established in 1989, the Nordic Development Fund (NDF) is a joint development finance institution of the Nordic countries, focusing on the nexus between climate change and development in lower-income countries and those in fragile situations in Africa, Asia, and Latin America, usually in cooperation with trusted partners.
For its collaborations with ADB, the NDF prioritizes projects on climate change mitigation and adaptation, resilience, natural resources management, and capacity building. The fund supports ADB Ventures, a venture capital and technical assistance fund that helps early-stage growth companies operate on technology and deliver development impact to its beneficiaries in Asia and the Pacific.
The NDF also supports the Community Resilience Financing Partnership Facility, which aims to scale up community-level investments in climate adaptation and build the resilience of poor and vulnerable communities to the negative impacts of climate change.
Active Trust Funds
Trust funds with ongoing projects or no active projects but with remaining funds are considered active
News
ADB joined with the Global Environment Facility and the Nordic Development Fund at COP27 to announce grants of $16.5 million for the Blue Pacific Finance Hub, which aims to build ocean and coastal resilience in countries threatened by the impacts of climate change.
ADB has set up a $1.7 million technical assistance facility to accelerate Southeast Asia’s tourism recovery from the COVID-19 pandemic, boost sustainable development , and help local tourism entrepreneurs, especially women and youth, adopt digital platforms to grow their businesses.
Stories
ADB-NDF Project Readiness Improvement Trust Fund helps prepare climate resilient infrastructure projects in Southeast Asia to be shovel ready, innovative and catalytic. Watch the video showing such support in Cambodia, featuring the Second Greater Mekong Subregion Tourism Infrastructure for Inclusive Growth Project.
By holistically pursuing rural development, the Water Resources Management Sector Development Program has not only helped reduce poverty in rural Cambodia; it has also made water agencies and farmer communities resilient to climate change and disasters.
- Rural Cambodians Benefit from Investments to Combat Climate Change
- ADB and NDF Working Together for a Prosperous and Climate Resilient Asia Pacific
- Building Climate-Resilient Watersheds in Mountain Eco-Regions in Nepal
- At ADB Ventures, the Bottom Line Is to Help Developing Asia Meet the SDGs
- Q&A: Arghya Sinha Roy on the Community Resilience Partnership Program
- Project Readiness Improvement Trust Fund: Promoting Readiness of Climate Resilient Investments in Southeast Asia
- Private Sector’s Critical Role in Combating Climate Change in Asia and the Pacific
Project Map
