EDFI members will provide additional funding for the INTERACT CLIMATE CHANGE FACILITY (ICCF), committing an additional €100 million to the co-financing investment facility. The additional funding will be provided by the following EDFI members: CDC (United Kingdom), COFIDES (Spain), DEG (Germany), FINNFUND (Finland), FMO (the Netherlands), NORFUND (Norway), OeEB (Austria), PROPARCO (France), SIFEM (Switzerland) and SWEDFUND (Sweden). The total financing capacity for ICCF has been increased to €406 million, of which AFD is participating with €100 million and EIB with €50 million.

Representatives of seven international finance institutions today vowed to increase collaboration and improve coordination to accelerate the development of local capital markets and increase access to local currency finance in emerging markets.
Ahead of the 2013 Spring Meetings of the World Bank Group-International Monetary Fund in Washington, D.C., senior officials of the African Development Bank, Asian Development Bank, European Bank for Reconstruction and Development, European Development Finance Institutions, Inter-American Development Bank, International Bank for Reconstruction and Development, and International Finance Corporation discussed collaboration on specific initiatives to promote local capital markets and local currency financing.

A new report finds that international finance institutions play a key role in catalyzing job creation and growth through the private sector in emerging markets, particularly as governments face increased pressure on public resources.

Leading Development Finance Institutions Launch Corporate Governance Framework to Support Emerging Markets

The leaders of more than 25 development finance institutions today will adopt the Corporate Governance Development Framework, a common set of guidelines to support sustainable economic development in emerging markets.

The European Investment Bank (EIB) and the European Development Finance Institutions (EDFI) today replenished the co-financed facility EUROPEAN FINANCING PARTNERS with €225 million to finance private sector investments in Africa, the Caribbean and the Pacific.

On Wednesday 8 December, Nanno Kleiterp, CEO of FMO (the Dutch Development Bank) was appointed the new chairman of EDFI.

EDFI members sign a declaration on Principles on responsible financing.