European DFIs - EDFI

📰 Some great news from EDFI - the Association of 15 European DFIs - who signed today in Washington landmark separate affiliate partnerships with the U.S. International Development Finance Corporation (DFC) and FinDev Canada. The two separate arrangements mark a breakthrough in global cooperation among development finance institutions.   🖋CEOs from EDFI member institutions witnessed a special ceremony held this morning at DFC offices, where EDFI Board Chair Luuk Zonneveld, DFC CEO Scott Nathan and FinDev Canada CEO Lori Kerr Kerr signed EDFI affiliate partnership letters. 🔊 EDFI’s Luuk Zonneveld commented on the affiliate partnerships, saying: "We share a common vision of development finance. By working together with FinDev Canada and DFC, we collectively strengthen our contribution to sustainable development and global stability." More about the two affiliate partnerships: ✅ aim to bolster the global reach of US, Canadian and European DFIs to enhance their collective contribution in support of sustainable development and global stability, in line with the public mandates they each serve. ✅ will seek to boost chances for better mobilisation of private finance for development, improved operational efficiency, and alignment with sustainable finance regulatory frameworks. ✅ reflect a growing tendency among the development finance community towards greater international cooperation. ℹ Learn more by reading the press release at: https://lnkd.in/d-F4aK6S   #DFIs #EDFIs #sustainabledevelopment #mobilisation

Almost all European DFIs - EDFI CEOs were in Washington last week at The World Bank Annual Meetings. An intense programme. Our main events: 👉 the signing of the affiliate partnership agreement with U.S. International Development Finance Corporation and FinDev Canada. DFIs are enhancing their partnerships and cooperation to further enhance their performance and impact amidst geopolitical uncertainty. 👉 our CEOs all met at the premise of USDFC to take stock of key strategic issues for 2025, such as how to enhance #climatefinance and contribute to the #justtransition, how to make sure our workforce of over 3500 talented professionals move forward at the innovative forefront of development finance, and how to best prepare for next year's Financing for Development Conference in Sevilla. 👉 an excellent session with the European Commission Jutta Urpilainen, including a signing session of the 10th EFSD+ guarantee agreement of Euro 71.7 million with our member IFU for the Danish SDG Investment Fund II. 👉 a well-attended session between the EDFI CEOs and World Bank Group Executive Directors representing our shareholders, in which we discussed mobilisation of private finance, sustainable finance regulatory frameworks and the opportunities for closer cooperation between the The World Bank and the European DFIs. Many thanks to Eugene Rhuggenaath for convening and chairing. 👉at the session with Commissioner Urpilainen we were able to look forward to the next EU Multi-Annual Financial Framework, the importance to build on the experience of EFSD+, and the importance for the EU to have a diverse toolkit in which the effectiveness of the guarantee instrument is supported and enhanced by blending and grant instruments. 👉 many bilateral meetings in which we (i) emphasized the need for sustainable finance regulatory frameworks to be underpinned by the principle of interoperability; and (ii) highlighted the track record and potential of DFIs in the areas of market creation, climate finance, and mobilization of private investors. 👉 finally, three EDFI CEOs experienced their first Annual Meetings in their new role. A warm welcome to Joris Totté BIO - the Belgian Investment Company for Developing Countries Ángela Pérez COFIDES and Leslie Maasdorp British International Investment European DFIs - EDFI Luuk Zonneveld Katrin Lueke Rodrigo Madrazo Garcia de Lomana, Ph.D Søren Peter Andreasen

🌍 BIO Invest at the World Bank Group Annual Meetings 🌍 It's been an exciting week for our team at the 2024 Annual Meetings of the The World Bank Group in #Washington DC! BIO - the Belgian Investment Company for Developing Countries joined forces with key Belgian development leaders to discuss the future of sustainable development and explore new opportunities for impact. As a leading #DFI, we're committed to driving positive change in emerging markets. By engaging with global experts and partners, we're strengthening our position as a catalyst for sustainable growth and innovation. #BIOInvest #WorldBankGroup #DFI #SustainableDevelopment #GlobalPartnerships #ImpactInvesting #TeamBelgium Enabel Ministry of Foreign Affairs Belgium

✒ EU GUARANTEE WILL SUPPORT INVESTORS IN IFU's NEW DANISH SDG INVESTMENT FUND II ✒ The European Commissioner for International Partnerships, @Jutta Urpilainen, the Ambassador of Denmark to the United States, Jesper Møller Sørensen, and Deputy CEO of IFU, Søren Peter Andreasen, today signed a new EU-guarantee (EFSD+) of 💰 DKK 535m / EUR 71.7m. The EU-guarantee is groundbreaking as it will provide downside risk protection for investors in the Danish SDG Investment Fund II, which sets itself apart among impact investment funds focused on developing countries by mobilising private capital for equity investments in private sector companies with positive green and social impacts. “The Danish SDG Investment Fund II is an excellent example of how we can use public funds as a lever for mobilising private capital that can support the green transition and improve the livelihood of people in developing countries. To reach the global goals it is imperative that we engage private capital, and we are very pleased to assist IFU in this endeavour by issuing a guarantee, which will de-risk the capital invested by private investors in the new fund,” said Jutta Urpilainen. The guarantee serves as a loss guarantee for the private investors in the Danish SDG Investment Fund II. This is a new instrument that in combination with a preferred return for the private investors will reduce risk and make greater investments in developing countries more attractive. “We are very pleased to have received this new EFSD+ guarantee. It is very important in creating comfort for the private investors in the Danish SDG Investment Fund II following a period of economic uncertainty. It facilitates IFU’s ambition to raise a total of DKK 5 billion in the fund for sustainable private sector investments in developing countries and contributing to closing the financial gap for the Global Goals,” said Søren Peter Andreasen. European Commission #EFSD+ #SDG

Congratulations to Leslie Maasdorp, the new Chief Executive Officer of British International Investment, an EDFI Association member. We look forward to gaining from his leadership in the field of development and climate finance in emerging markets.   Special thanks to outgoing BII CEO Nick O'Donohoe for his commitment to the DFI cause and his service to EDFI. #EDFIs #sustainablefinance

👏🖋Congrats to DEG on the signing of its first guarantee programme with the EU under #EFSD+ during the #HamburgSustainabilityConference. What a week: The EDFI network had three other EU-EDFI EFSD+ guarantee signings last week: 🖋 EDFI MSME Platform PLUS, valued at €255 million;  🖋 EDFI Carbon Sinks, totalling €366 million; and   🖋 FMO’s DFCD Aya Programme, a €105 million triple-A EU guarantee which enables a €240 million top-up to DFCD’s Land Use Facility.  European DFIs and EDFI Management Company are now at more than €700 million of EFSD+ guarantee facilities and counting. 🤝 The signings show how collaborative efforts mobilise capital for sustainable and pioneering solutions amid geopolitical shifts and economic volatility. #TeamEurope #EDFIs #teamdeginvest

Looking back at a productive week, in which our EDFI Management Company had organized its corporate days. An excellent gathering of development finance professionals. With the European Commission, EDFI MC and FMO - Dutch entrepreneurial development bank signed guarantee contracts for a total of 726 million Euro. These guarantees will be a game changer for our work in climate mitigation, climate adaptation and the financial sector in developing countries. Congrats to all the teams that made this happen, including my old team at the Dutch Fund for Climate and Development. At our opening panel, we had an excellent discussion on how much the world needs the pioneering role of Development Finance Institutions, to reduce uncertainty and mitigate the consequences of growing global instability. Thank you Matthieu Bousquet, Roland Siller Nan Li Collins 李楠 Fernando Jiménez-Ontiveros Charles-Antoine Janssen for contributing your knowledge and insights to this event! European DFIs - EDFI

Looking forward to this afternoon at the EDFI Management Company Corporate Day!

🎓 Congrats to employees of EDFI Association member DFIs who took part in two courses offered in September from the #EDFIAcademy: 🌾 A two-day 'AGRI' course earlier in the month welcomed mainly investment and portfolio officers to take a deep dive into how international agribusiness works ‘from farm to fork’, with specific reference to development, lending, and investment. 🏦 Another course explored project finance debt restructuring which included interactive case studies. Taking part were European DFI front office staff, middle office, and support staff, as well as those in credit and portfolio management. 📆 Coming in October: Courses on #Fintech, Leadership as well as a introductory training for new staff. #developmentfinance #agfifinance #EDFIacademy

A great example from Norwegian DFI Norfund deploying government funding to finance Ukraine’s urgent investment needs.   That commitment helps with Ukraine reconstruction by leveraging the private sector to help rebuild Ukraine’s economy.