Nordic Development Fund

The Nordic Development Fund (NDF) is the joint development finance institution of the five Nordic countries. The objective of NDF's operations is to facilitate climate change investments primarily in low-income countries. NDF finances projects usually in cooperation with bilateral, multilateral, and other development institutions. The operations mirror the Nordic countries’ priorities in the areas of climate change and development.

Maldives was first engaged with NDF in 1981 for the developing the power sector of the country. NDF has assisted Maldives namely in fisheries, water and sanitation and power development sectors.

NDF in the Maldives

YearProjectCurrencyAmount
1998Third Power Systems Development ProjectEUR4,700,200
1995Male’ Water and Sewerage ProjectEUR2,115,090
1992Third Fisheries ProjectEUR4,111,683
Website Link: www.ndf.fi


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