Nordic Environment Finance Corporation (Nefco) is an international financial institution established by the five Nordic countries. It finances climate related and other environmental investments and projects primarily in in Eastern Europe. In 2017 Nefco’s geographical mandate was widened to a global one, with Eastern Europe still remaining as priority.
The Green Recovery Programme for Ukraine (“Programme”) was approved by Nefco’s Board in June 2022. The aim of the Programme is to provide financial and technical support to recovery projects in order to build a much-needed bridge between humanitarian crisis management and long-term sustainable development. The programme will support green economy and transition in the recovery process. The purpose is to enhance and finance projects with the highest environmental ambitions focused on rebuilding infrastructure at the municipal level to ensure that Ukraine is built back greener and better. It is expected that selected municipalities will receive a grant funding from NEFCO within the Action related to Sustainable solutions in public building and water sectors for communities of Ukraine. The Action is split into two components with different infrastructure sectors: