The Nordic Environment Finance Corporation (NEFCO) is an international finance institution established in 1990 by the five Nordic countries: Denmark, Finland, Iceland, Norway and Sweden. NEFCO provides loans and makes capital investments in order to generate positive environmental effects of interest to the Nordic region.

To date, NEFCO has financed a wide range of environmental projects in Central and Eastern European countries, including Russia, Belarus and Ukraine. NEFCO's activities are focused on projects that achieve cost-effective environmental benefits across the region. NEFCO prioritizes projects that reduce releases of climate gases, improve the ecological status of the Baltic Sea or mitigate release of toxic pollutants. NEFCO's portfolio currently comprises nearly 400 small and medium-sized projects spread across different sectors.

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