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International | Noronnican International Development Fund
Current Expenditures
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Country | Expenditure | Notes |
$125 Million | Grant, transferred from the Noronnican Government | |
$1.5 Billion | $1.2 Billion development and economic loan, $300 Million Economic relief aid | |
$900 Million | Post-war development and economic loan to Arvanan State Government | |
$70 Million | Development and economic loan | |
$100 Million | Economic relief aid |
Noronnican International Development Fund
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Formed | 12th June 1972 |
Headquarters | Nolon City, |
Motto | "Funding the needs of all." |
Employees | 1,500 |
We work to improve lives in The Western Isles.
Through financial and technical support for countries working to reduce poverty and inequality, we help to improve health, education, and advance infrastructure. Our aim is to achieve development in a sustainable, climate-friendly way. With a history dating back to 1972, today we are the leading source of development financing for The Western Isles. We provide loans, grants, and technical assistance; and we conduct extensive research. We maintain a strong commitment to achieving measurable results and the highest standards of increased integrity, transparency, and accountability.
The Fund's current focus areas include three development challenges – social inclusion and inequality, productivity and innovation, and economic integration – and three cross-cutting issues – gender equality and diversity, climate change and environmental sustainability; and institutional capacity and the rule of law.
We have over 1,500 employees across the region, with headquarters in Nolon City,
Noronica, and regional offices in Athara magarat, 
Ainslie and 
Corindia. Borrowing members are represented by the Board of Executive Directors. NIDF clients include: central governments, provinces, municipalities, private firms, and NGOs.
Governance of the NIDF is vested in the Board of Governors, which tops the organisational structure of the Fund. Each member country appoints a governor, whose voting power is proportional to the capital in the Fund subscribed by his or her country. Governors are usually ministers of finance, presidents of central banks or other high-ranking officials.
The Board of Governors holds an annual meeting in March or April of each year to review the Fund's operations and make major policy decisions. It may also hold extraordinary meetings on key issues.
The NIDF's governors are ultimately responsible for overseeing the Fund's activities and administration. Although, in practice, they delegate many of those responsibilities to the Board of Executive Directors.
Trust Funds are established by sovereign and non-sovereign donors to complement the NIDF offerings to its borrowing member countries. The countries and multilateral institutions that contribute to NIDF trust funds are Noronica, Polar svalbard, 
Ostehaar, and the Cooperative Union.
Among the NIDF’s strategic partners and donors that contribute to the trust funds are private sector corporations, foundations and multilateral institutions, fostering strategic Public and Private Partnerships (PPP) with the NIDF.
The Multilateral Investment Fund (MIF)—created to promote private sector growth through grants and investments—is the largest multi-donor trust fund of the NIDF.
The Fund also administers multiple single-donor trust funds that provide reimbursable and grant funds to finance consulting services, training, pilot projects and co-financing that complement NIDF reimbursable operations and trigger scalability.
At present the Fund has $188 billion. If it were faced with immediate requests for more than what is at its disposal, it would take the NIDF several weeks to tap various sources of funding. The largest contributor to the Fund is the Federal Overlordship of Noronica for which the Fund takes its name, contributing 15.09% stake worth roughly $28 billion.
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| Noronica Headquarters |
© NIDF
