The Nordic Development Fund (NDF) is the joint Nordic international finance institution focusing on the nexus between climate change and development in lower-income countries and countries in fragile situations. Since the introduction of the climate mandate in 2009, NDF has built a track record of adding value by financing climate mitigation and adaptation projects in close interaction with its extensive network of strategic partners. NDF provides financing on concessionary terms in the form of grants, loans and equity. NDF engages in both the public and the private sector, and uses financial instruments flexibly, alone or in various combinations, to match the needs of the project.
The Landscape Approach to Forest Restoration and Conservation (LAFREC) Project is concluding after six years of transforming the Gishwati-Mukura landscape. The project has, for example, created a new national park, which UNESCO declared as a Biosphere Reserve. It has also enhanced wood fuel value chains, created new habitats and infrastructure, and made the country more resilient to climate change.
NDF signs the financing agreement for additional financing to help Rwanda adapt to climate change, with a special focus on urban wetlands
EEP Africa has launched a new cohort of 26 projects promoting productive use of energy and circular economy
The objective of the NDF financing is to support the city of Kigali and its inhabitants to improve climate resilience through better management and flood control measures in urban wetlands.
The programme will combat COVID-19 and strengthen the recovery through investments in water supply, sanitation, and water resources management activities in the Sahel and the Horn of Africa. The programme delivery will use a build-back-better and green, climate-resilient approach to target particularly poor, vulnerable and unserved urban communities displaced from the countryside by insecurity, famine and climate/environmental disasters.
The Community Resilience Partnership Program (CRPP) will be the Asian Development Bank's (ADB) first multi-donor trust fund uniquely positioned to tackle the nexus between poverty, gender, and climate change. The CRPP will serve as an important knowledge, preparatory and financial tool for launching and developing new pro-poor climate resilience initiatives in low-income and fragile countries in Asia and the Pacific. The CRPP is also part of the post-COVID-19 recovery.
Photo credit: Rare
