nordic development fund annual report 2003 the ndf was established for purpose of promoting economic and social in developing countries through participation financing on concessional terms projects interest to lay out leif holst finland cover picture tiofoto torleif svensson portrait utte ekholm printed by libris 1nordic about 2 board directors 3 income statement 10 balance sheet 11 changes equity 12 cash flow notes financial statements 13 auditors reports 19 20 project portfolio africa asia latin america caribbean 26 27 control committee management staff 28 is a multilate ral organisation with offices helsinki operations commenced february 1989 as part cooperation assistance area between five denmark fin land iceland norway sweden member appoint members s capital amounts sdr 515 million
