Projects in Southeast Asia got a power start

The Project Readiness Improvement Trust Fund (PRIF), co-financed by NDF and led by the Asian Development Bank (ADB) speeds up the preparatory phase of much-needed development projects in five countries in Southeast Asia. The results look promising. With support from PRIF, the projects seem to kick off much faster than before.

PRIF has helped critical early-stage tasks get completed quickly and correctly so the ensuing projects could be implemented faster. NDF was one of the founding members and provided a EUR 7 million grant. These projects also attracted co-financing from other development partners; about EUR 2 billion of climate friendly investments are now in various stages of implementation.

"We are very pleased with the results of PRIF. Our colleagues in the Central and West Asia department are looking at the possibility of doing a similar initiative using the PRIF as a good example,” says Alely Alejar-Bernando from Asian Development Bank.

SOFF presents a solution for early warnings at UN General Assembly

The 78th UN General Assembly, took place in New York, and gathered the international community to find solutions to global pressing challenges, emphasizing on the urgency of climate action.

NDF engaged in high-level discussions relating to climate finance and development, namely to the event organized in the context of the Early Warnings for All initiative (EW4All). The event highlighted the Systematic Observation Financing Facility (SOFF), that was established to deliver results for EW4All.

“Investing in SOFF means investing in global public goods as it provides benefits leading to local, regional, and global positive impact and we are proud to have embarked on this journey as the first financier. As a member of the EW4All Advisory Panel and Co-Chair of the SOFF Steering Committee, we invite financiers to act now, to invest in SOFF to provide the data needed, to build early warnings for all and to save lives,” says Karin Isaksson, Managing Director of NDF.

IT'S POSSIBLE!

The next decade is critical to the increasingly complex challenge: the climate crisis. It is crucial to find solutions and to form successful partnerships that can support the global climate agenda.

NDF's Deputy Managing Director Leena Klossner was invited to the podcast IT'S POSSIBLE / ES POSIBLE' by the Inter-American Development Bank, NDF's long-standing partner. This episode talks about concessional resources to accelerate climate action.

As a good example, the episode features the NDF Pipeline Accelerator Multi-Donor Trust Fund, where NDF was an anchor investor, and recently made a second significant contribution to the Fund.

"NDC Pipeline Accelerator is a true gem in the NDF portfolio. We came in at the early stage, provided booster financing and co-created the scope together with IDB. I strongly felt that we are in it together," says Leena. "One of the strengths of the project was that we did a proper crunching together of the impact and results of the first phase and only then embarked on the second stage. This is where the learning happens and the evaluation gave us a solid ground to continue the work," she continues.

Listen to the full podcast episode here: https://www.spreaker.com/show/es-posible

African Water Facility visits us in Helsinki

Partners from the African Development Bank Group visited NDF offices in Helsinki to present and discuss the African Water Facility (AWF). The goal of AWF is to mobilize and deploy financial and human resources to improve water security and access to sustainable sanitation services in Africa.

Thank you Samuel Blazyk, Oswald Mulenga Chanda, Mtchera Johannes Chirwa and Simon Rolf Wreford-Howard for visiting us, we value our partnership and collaboration to find solutions to the climate crisis.

Learn more about AWF: https://www.africanwaterfacility.org.

Youth Day with EEP Africa

According to International Labour Organization, the green transition will result in the creation of 8.4 million green jobs for young people by 2030.

The clean energy sector has high potential to create jobs and sustainable livelihoods for youth in Africa. EEP Africa supports projects that contribute to youth empowerment, job creation and green skills, and that open new pathways for growth for current and future generations.

Since 2010, projects financed by EEP Africa have resulted in 11,600 direct jobs created in the clean energy sector in Southern and Eastern Africa, including more than 5,300 jobs for youth. These projects provide skills and experience that are enabling young people in Africa to build long-term careers and to thrive in the green economy.
Visit and learn more: www.eepafrica.org

Our Risk Management Policy is now online!

NDF has worked to update its Risk Management Policy, which describes our overall approach to systematic risk management, defines key roles and responsibilities, and guides the further implementation of the Risk Management Framework.

You can find it now online.

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Nordic leadership in addressing climate change and development challenges

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.