What makes the NDEP an innovative venture?
• The main innovative feature of NDEP is its ability to bring together various partners and initiatives to make it easier to raise funds for priority projects to benefit the environment of the Northern Dimension Area. The NDEP so far has received significant contributions from the European Commission and 12 donor governments including Russia and Belarus. • The NDEP pools, for the first time, the collective expertise and resources of the IFIs active in the region: EBRD, EIB, NIB, NEFCO and the World Bank. Each project has an assigned IFI acting as Lead Implementing Agency which looks after a project from start to finish. Through its expertise the IFIs can identify and develop new projects, which once approved by the NDEP contributors, follow a well-planned and transparent implementation programme including procurement rules of the lead IFI. • The NDEP works in conjunction with other environmental initiatives in the region. For the Baltic Sea, the NDEP cooperates with with HELCOM and its
