NDF: Small is beautiful, but the Nordic fund’s financing could dry up

Business November 17, 2025 / By: Bjørn H Amland

The Nordic Development Fund has carved out a niche for itself as an innovative player providing early-stage, high-risk concessional climate financing. Its small size allows it to be agile and flexible. An evaluation of the fund says a new capital extension is needed to prevent funding from drying up.

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NDF: Small is beautiful, but the Nordic fund’s financing could dry up

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