Nordic Development Fund

Nordic Development Fund


  • Project-Specific Cofinancing $64.5 million
  • Contributions Committed to Trust Funds $33.7 million


  • Trust Funds Contribution $9.3 million

Partnership Framework Arrangement

Signing Date 19 January 2011

Completion Date Continuous

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 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.


Trust Funds. In April 2023, the NDF committed €8.5 million (around $9.3 million) to contribute to the Ocean Resilience and Coastal Adaptation Trust Fund. The fund was established in March 2023 to increase the quantity and quality of investments in ocean health (including resilience and the blue economy) and coastal adaptation.

Knowledge. During a side event at the 2023 United Nations Climate Change Conference (COP28), ADB organized a session that engaged high-level representatives from governments, financial institutions, and philanthropy in a dialogue to identify approaches and measures for scaling up climate adaptation investments at the local level and discuss how the Community Resilience Partnership Program (CRPP) can help address key barriers and promote innovative solutions. NDF Deputy Managing Director Leena Klossner attended the event. The CRPP is operationalized through (i) a multi-donor trust fund supported by the NDF that supports generating evidence and knowledge, building capacity, and developing large-scale public investments that can promote local adaptation measures; and (ii) an investment fund that provides concessional resources for implementation of local adaptation solutions.

Active Trust Funds

Active trust funds are those a) with ongoing projects; or b) with no active projects but have remaining funds.


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8 Nov 2022

ADB, Key Partners Announce $16.5 Million for Ocean Health in the Pacific

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.

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17 Dec 2021

New ADB Facility to Help Southeast Asia Revive Tourism

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.


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    Promoting Readiness of Climate-Resilient Investments in Cambodia

    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.

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    Resiliency through Integrated Water Management

    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.

    Project Map