Directory of Economic, Commodity and Development Organizations - table of contents

NORDIC DEVELOPMENT FUND (NDF) 


        
HEADQUARTERS

        

Fabianinkatu 34                                          Postal Add:   P.O. Box 185
00171 Helsinki                                           Telephone:    [358](9)180-0451
Finland                                                  Facsimile:    [358](9)622-1491
                                                         E-Mail:       info.ndf@nib.fi
                                                         Internet:     www.ndf.fi


          President:              ...     Jens Lund SØRENSEN

                           Board of Directors

          Chairman:               ...      Ms. Ingrid GLAD (Norway)
          Deputy Chairman:        ...      Ms. Susanne JACOBSSON (Sweden)
          Members:                ...      Henrik WOHLK (Denmark)
                                  ...      Ingvar B. FRIDLEIFSSON (Iceland)
                                  ...      Pasi HELLMAN (Finland)
    



        
ESTABLISHMENT AND FUNCTIONS

        
The Nordic Development Fund (NDF) is a multilateral
        Nordic development aid organization with offices in
        Helsinki. It commenced operations in February 1989. The
        NDF is one element in the development aid cooperation
        between the five Nordic countries - Denmark, Finland,
        Iceland, Norway, and Sweden. NDF's capital amounts to SDR
        515 million and EUR 330 million. 

        
NDF credits are offered to the least developed low
        and lower middle income countries (LLDC, LIC, and LMIC
        countries) according to the classification of the OECD's
        Development Assistance Committee (DAC). Priority is given
        to low income (LLDC and LIC) countries in Africa, Asia,
        and Latin America. 

        
NDF credits are offered only through co-financing
        with a leading partner, such as the multilateral
        organizations, the World Bank Group, the African
        Development Bank (AfDB), the Asian Development Bank
        (AsDB), the Inter-American Development Bank (IaDB), and
        the Nordic Investment Bank (NIB). 

        
NDF credits are offered on concessional terms,
        40-year credits, including a 10-year grace period. The
        credits are interest free, but carry a service charge of
        0.75 percent per annum and a commitment charge of 0.5
        percent per annum. 

        
NDF can also provide financial support for private sector activities in developing countries without government guarantee.
        

        
COMPOSITION

        
5 member countries: Denmark, Finland,
        Iceland, Norway, Sweden 

        
STRUCTURE

        
All the powers of the NDF are vested in the Board
        of Directors, which is composed of one member
        and one deputy from each country appointed for maximum
        terms of five years. The Board may delegate powers to the
        President, who is appointed for a term of five years. 

        
GENERAL PUBLICATIONS

        
Annual Report (English and Swedish); Brochures
        (English) 

        
UPDATED:  April 28, 2003

        
Directory of
        Economic, Commodity and Development Organizations - table
        of contents