Denmark, Finland, Iceland, Norway and Sweden sign a treaty regarding the establishment of NDF.
NDF opens up its office in Helsinki and begins its operations providing concessionary credits for social and economic development.
NDF´s credit portfolio amounts to EUR 4 million.
NDF’s credit portfolio amounts to EUR 60 million.
NDF signs its first private sector loan agreement.
Denmark, Finland, Iceland, Norway and Sweden sign a new treaty on NDF reinforcing NDF’s legal status as an international organisation and granting NDF and the staff immunities and privileges customary for international organisations.
NDF’s credit portfolio amounts to EUR 360 million.
NDF’s member countries do not succeed in reaching an agreement on a fifth capital increase of the Fund and thus discussions on and studies for winding up NDF begin.
NDF’s credit portfolio amounts to EUR 691 million.
Analyses show that there are valid reasons for NDF to continue its activities and the member countries approve a change of Statues encompassing a new strategic direction and mandate for NDF, securing continued operations. Consequently, NDF shifts focus from concessionary credits for social and economic development to grants for climate change interventions. NDF Board of Directors takes its first grant decisions under the new mandate.
During the first 18 months of operations under its new mandate, NDF allocates EUR 75 million to 22 new grants for climate change interventions.
An external evaluation of NDF’s progress under the climate mandate confirms positive results and is encouraging in showing that the reforms done at NDF have paid off.
NDF’s 25th Anniversary and two NDF-financed projects receive international recognition.
Four NDF-backed projects receive UNFCCC’s Momentum for Change Lighthouse Award.
NDF starts to utilise a greater variety of financial instruments, providing equity and loans for selected new projects, in addition to grants.
NDF approves its 100th new project under the mandate of focusing on climate change and development.
Total of climate change financing by NDF amounts to EUR 375 million. NDF establishes and becomes manager of the multi-donor Energy and Environment Partnership Trust Fund for Africa, which earlier had existed as a program.
NDF celebrates its 10 years of climate financing and 30 years of operations. An external evaluation about NDF's activities confirms NDF's strong position as an impactful player and a tool for Nordic financing in climate change and development.
The Board of Directors adopts a new strategy for NDF and the member countries take a decision to increase NDF's capital by EUR 350 million.