Supporting the Nordic Development Fund (NDF) in addressing climate change and development challenges The Nordic Development Fund (NDF) is an international finance institution (IFI) focusing on climate change in developing countries. It was set up in 1988 and given its current climate mandate in 2009. NDF is providing climate financing on concessionary terms in the form of grants, loans, and equity targeted both the public and the private sector. The purpose of NDF is to advance Nordic leadership in addressing climate change and development challenges through financing, knowledge and partnerships.