NDF is a multilateral development finance institution established by the five Nordic countries Denmark, Finland, Iceland, Norway and Sweden in 1989. The Fund’s Board of Directors makes all grant decisions, while the Control Committee oversees that the operations are conducted in accordance with the Statutes.
NDF’s Managing Director is responsible for the conduct of the day-to-day operations. NDF’s headquarters are in Helsinki, Finland, in the same building complex as the Nordic Investment Bank (NIB), the Nordic Environment Finance Corporation (NEFCO) and the Nordic Project Fund (Nopef). NIB provides support to NDF regarding office premises, staff administration, IT services, accounting and liquidity management.