Communities take climate action in the coasts of West Africa

Over 40% of West Africa’s GDP comes from the coastal areas, where almost one-third of the population lives. Unfortunately, coastal degradation is a serious threat for people and communities living in the region.

The West Africa Coastal Areas Management Program (WACA) is focused on solving these coastal challenges, and problems that it exacerbates such as flooding and pollution. The program is led and implemented by the World Bank and co-financed by NDF since 2018.

Now, after gathering results of the program, the World Bank has published a series of impact stories about the positive changes. The program continues to enhance the resilience of coastal communities, especially the role of women, and supporting the countries located in the coast to better manage their shared coastal resources.

Coffee producers in Peru get a boost through green microfinance

Since 2019, EcoMicro has piloted an innovative project aimed at supporting climate-resilience of the coffee production chain in Peru.

Working in collaboration with Perales Huancaruna (Perhusa), a local coffee production business, the project provides access to microcredit financing that equips farmers with tools and resources to produce their coffee sustainably, and cope with the changing weather conditions in the rainforest.

We interviewed small-scale coffee farmers from Peru about their experiences with EcoMicro and how the program has impacted their lives.

NDF invests USD 14.5 million in climate insurances

The BlueOrchard climate insurance private equity fund welcomed NDF as a new investor to the InsuResilience Investment Fund II (IIF II).

NDF has now committed USD 13.5 million to the fund, with an additional USD 1 million as a grant for the fund’s Technical Assistance Facility.

Building upon the achievements of its predecessor, the fund places significant emphasis on leveraging technology along the value chain to enhance the affordability and accessibility of climate insurance solutions.The fund’s unique strategy has a successful track record of fostering climate change adaptation in regions most affected by climate change.

"Climate insurance can provide concrete solutions to the disastrous consequences of climate change and the people and businesses affected by it. We are proud as NDF to partner with BlueOrchard, invest in InsuResilience Investment Fund II and be part of making positive change in the regions where this is needed the most,” said Satu Santala, Managing Director of NDF.

Results Report 2023 will be published in June

Stay tuned, as we will publish our annual Results Report in early June. In the report, you will find our key results from 2023, and stories on how NDF-financed projects have impacted the lives of people and communities in Sub-Saharan Africa, Latin America and Asia.

Follow us on our social media channels to receive more updates on the upcoming report!

NDF-financed projects looking for consultants

The Senegal Stormwater Management and Climate Change Adaptation Project (PROGEP II) is looking for a technical assistant in Senegal. Apply by 21 May, 2024. Read more here.

The Urban and Municipal Development Fund is looking for consultants in Namibia and Benin. Apply by 21 and 22 May, 2024. Read more here.

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Nordic leadership in addressing climate change and development challenges

We advance Nordic leadership in addressing climate change and development challenges through financing, knowledge and partnerships. Together with our strategic partners, we develop, launch and scale high-impact projects to support developing countries and the most vulnerable people affected by climate change.