Development Finance Institutions

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

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.

Business November 17, 2025

Norfund closes SN Power chapter, books 21% annual return from two-decade long hydropower adventure

The Norwegian impact investor Norfund is selling off its remaining hydropower stakes in Africa to the...

Business September 22, 2025

Proof of concept: Norway’s Climate Fund exits pioneering South African solar project after just two years

The Oslo-based Climate Investment Fund is exiting the Kenhardt hybrid sun power and battery project in...

Business September 19, 2025

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Nordics back new asset class to mobilise pension fund capital for development

Five Nordic countries, the Netherlands, and the United Kingdom have given political backing for a new...

Business July 02, 2025

Finland’s unique zero-cost ODA scheme turns toward private asset managers

A new strategy for Finland’s loan and investment facility opens for engagement with private investment...

Business June 03, 2025

IFU facility has signed its first two guarantees

A new guarantee scheme managed by the Danish development finance institution IFU is now fully operational....

Business December 20, 2024

IFU ticks up annual net return expectations to 12-15% for second SDG fund

The Danish impact investor IFU and four Danish pension funds agreed this week to establish the Danish...

Business November 22, 2024

How Norway’s oil fund could co-invest with World Bank in renewables

A Dutch investment fund praised by US Treasury Secretary Janet L. Yellen for facilitating co-investments...

Business November 14, 2024

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Norfund gets green light to invest in Ukraine

The government has finally opened for Norfund, Norway’s development finance institution (DFI), to invest...

Business September 27, 2024

NDF scales up project funding

The Nordic Development Fund (NDF) is on track to sharp growth, adding new projects to its portfolio this...

Business August 30, 2024

Development Finance Institutions

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