The International Development Finance Club (IDFC) is a partnership of development banks whose aim is to complement each other's needs for a more efficient global development. IDFC's Secretariat is headquartered in Paris, in the same building as the

French Development Agency The French Development Agency (french: Agence française de développement, AFD) is a public financial institution that implements the policy defined by the French Government. It works to fight poverty and promote sustainable development. This pub ...

(5 rue Roland-Barthes, Paris).

History

IDFC was founded in 2011 during the annual meeting of the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster globa ...

and the

World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Interna ...

. The current IDFC's President (appointed in October 2017) is Rémy Rioux, chief executive of the French Development Agency.

Members

As of July 2018, IDFC had 23 members: *

Black Sea Trade and Development Bank The Black Sea Trade and Development Bank (BSTDB) is an international financial institution serving the eleven member founding countries of the Black Sea Economic Cooperation, a regional economic organization. It supports economic development an ...

* French Development Agency *

Croatian Bank for Reconstruction and Development Croatian Bank for Reconstruction and Development ( hr, Hrvatska banka za obnovu i razvitak, HBOR) is Croatia's national development bank. Its task is the promotion of the development of the Croatian economy by extending loans, insuring export trans ...

KfW The KfW, which together with its subsidiaries DEG, KfW IPEX-Bank and FuB forms the KfW Bankengruppe ("banking group"), is a German state-owned investment and development bank, based in Frankfurt. As of 2014, it is the world's largest national d ...

* Industrial Development Bank of Turkey *

Vnesheconombank VEB.RF, or VEB (russian: ВЭБ.РФ (ex-Vnesheconombank)), is a Russian state development corporation. It was founded in 2007 as a development institute. VEB.RF is an investment company and development institute in Russia. It has financed more t ...

Small Industries Development Bank of India Small Industries Development Bank of India (SIDBI) is the apex regulatory body for overall licensing and regulation of micro, small and medium enterprise finance companies in India. It is under the jurisdiction of Ministry of Finance , Governm ...

* Indonesia Exim Bank *

China Development Bank The China Development Bank (CDB) () is a development bank in the People's Republic of China (PRC), led by a cabinet minister at the Governor level, under the direct jurisdiction of the State Council. As one of three policy banks in China, it ...

* Islamic Corporation for the Development of the Private Sector *

Korea Development Bank Korea Development Bank (KDB Bank, SWIFT: KODBKRSE) is a wholly state-owned policy development bank in South Korea. It was founded in 1954 in accordance with The Korea Development Bank Act to finance and manage major industrial projects to expedit ...

Japan International Cooperation Agency The is a governmental agency that delivers the bulk of Official Development Assistance (ODA) for the government of Japan. It is chartered with assisting economic and social growth in developing countries, and the promotion of international co ...

* Central American Bank for Economic Integration * CAF – Development Bank of Latin America and the Caribbean * Nacional Financiera * Bancoldex * Corporación Financiera de Desarrollo * Banco Nacional de Desenvolvimento Econômico e Social * Banco Estado * Caisse de Dépôt et de Gestion *

Development Bank of Southern Africa The Development Bank of Southern Africa (DBSA) is a development finance institution wholly owned by the Government of South Africa. The bank intends to "accelerate sustainable socio-economic development in the Southern African Development Communi ...

West African Development Bank The West African Development Bank - WADB (fr. Banque Ouest Africaine de Développement - BOAD / pt. Banco de Desenvolvimento do Oeste Africano - BDOA) is an international Multilateral Development Bank established in 1973 to serve the nations of F ...

* Eastern and Southern African Trade and Development Bank (formerly the PTA Bank) The

International Investment Bank International Investment Bank (IIB) is a multilateral development institution with headquarters in Budapest, Hungary. It was established in 1970 and operates as an international organisation based on the intergovernmental ''Agreement Establi ...

was due to join IDFC by October 2018.

Objectives

* Agenda setting by joining forces and networking on issues of similar interest * Identifying and developing joint business opportunities * Sharing

know-how Know-how (or knowhow, or procedural knowledge) is a term for practical knowledge on how to accomplish something, as opposed to "know-what" (facts), "know-why" (science), or "know-who" (communication). It is also often referred to as street smart ...

and best practice experiences for mutual learning

References

External links

{{Portal, Banks
Official WebsiteSBLC Monetization
Supranational banks International development Multilateral development banks International economic organizations International finance institutions

History

Members

Objectives

See also

References

External links