Legal framework,
policies and guidelines

The Nordic Development Fund is an international financial institution (IFI *) governed by its constituent documents: the Agreement concerning NDF between Denmark, Finland, Iceland, Norway and Sweden; the NDF Statutes; as well as the Host Country Agreement concluded between NDF and the Government of Finland. Each Nordic country has endorsed the Agreement concerning NDF in accordance with its respective national procedures.


As an IFI, NDF has the status of an international legal person with full legal capacity to enter into agreements; to acquire and dispose of immovable and movable property; and to be a party to legal proceedings. Furthermore, the constituent documents define the privileges and immunities of NDF and its personnel and set out the structure for the governance of the Fund. As an international legal person, NDF is not entered into the trade register in any of the member countries.

In its governance principles, NDF promotes sustainability, equality, transparency, predictability, accountability and responsibility.

In addition to the constituent documents, NDF's activities are governed by a number of policies, guidelines and strategies adopted by the Board of Directors or the Managing Director.

*International Financial Institution is a financial institution that has been established by more than one country, and hence is a subject of public international law. Its owners or member are generally national governments. 

Our publicly available policies and guidelines can be found in the file listing below.

Constituent documents

NDF Agreement and Statutes

Host Country Agreement



Code of Conduct for the Board of Directors and the Managing Director

Rules of Procedures of the Board of Directors

Rules of Procedure for the Control Committee

NDF Staff Code of Conduct


Institutional Policies and Guidelines

Policy on Access to Information

Policy on Anticorruption and Integrity

Integrity Due Diligence Policy

Anticorruption Guidelines

Ombudsman Regulations

Arbitration Regulations


Operational Policies and Guidelines

Gender Equality Policy

General Procurement Guidelines for Projects

Guidelines for Project Identification and Screening

NDF Environmental and Social Policy

NDF Results Management Framework (RMF) Policy

NDF Policy on Taxes

NDF Position Paper on Energy Subsidies

IFI Framework for a Harmonised Approach to Greenhouse Gas Accounting


Disbursement Instructions

NDF Disbursement Instructions 2014

Appendix A − Example Disbursement Letter

Appendix B − Example Disbursement Commencement Letter

Appendix C − Sample Legal Opinion

Appendix D − Sample Authorisation Letter

Appendix E − Disbursement Request Form

Appendix F − Special Commitment Application Form

Appendix G − Example Standard Form for Special Commitment

Appendix H − Special Commitment Payment Request Form

Appendix I − Sample Special Account Application Letter

Appendix J − Sample Special Account Bank Confirmation Letter

Appendix K − Statement of Expenditure Form


In French/En français

Politique contre la corruption et pour l'integrite du FND

Instructions de décaissement du FND

Instructions de décaissement du FND 2014

Annexe A − Exemple de Lettre de Décaissement

Annexe B − Exemple de Lettre de Commencement de Décaissement

Annexe C − Exemple d'Avis Juridique

Annexe D − Exemple de Lettre d'Autorisation

Annexe E − Formulaire de Demande de Décaissement

Annexe F − Formulaire de Demande d'Engagement Spécial

Annexe G − Exemple de Formulaire Type d'Engagement Spécial

Annexe H − Formulaire de Demande de Paiement d'Engagement Spécial

Annexe I − Exemple de Lettre de Demande de Compte Spécial

Annexe J − Exemple de Lettre de Confirmation de la Banque du Compte Spécial

Annexe K − Formulaire de Déclaration de Dépenses