A decade ago, the Nordic Development Fund (NDF) had its mandate changed into financing of investments for climate change adaptation. A fresh evaluation of the NDF, with its challenge fund NCF, finds an organisation that provides clear added value from an international perspective. Main assets are its flexible way of working and its focus on adaptation. However, the NDF also faces immediate challenges for instance in tracking results from its investments – a challenge that seems relevant also for other actors in the field of climate finance.
The study, to be launched in Helsinki, is published by the Swedish Expert Group for Aid Studies, EBA, and is the result of a joint Nordic evaluation effort. It has been conducted and written by a team under the leadership of Stephen Spratt, IDS, Sussex and Particip, Germany.