Organization:International Development Finance Club

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A view of the Roland-Barthes Street, in Paris, where the IDFC is headquartered.

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.[1]

IDFC was founded in 2011 during the annual meeting of the International Monetary Fund and the World Bank.[2]

IDFC's Secretariat is headquartered in Paris, in the same building as the French Development Agency (5 rue Roland-Barthes, Paris).[1]

The current IDFC's President (appointed in October 2017)[3] is Rémy Rioux, chief executive of the French Development Agency.

Members

As of July 2018, IDFC had 23 members:[4]

  • Black Sea Trade and Development Bank
  • French Development Agency
  • Croatian Bank for Reconstruction and Development
  • KfW
  • Industrial Development Bank of Turkey
  • Vnesheconombank
  • Small Industries Development Bank of India
  • Indonesia Exim Bank
  • China Development Bank
  • Islamic Corporation for the Development of the Private Sector
  • Korea Development Bank
  • Japan International Cooperation Agency
  • Central American Bank for Economic Integration
  • CAF – Development Bank of Latin America
  • 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
  • West African Development Bank
  • Eastern and Southern African Trade and Development Bank (formerly the PTA Bank)

The International Investment Bank is due to join IDFC by October 2018.[2]

Objectives

  • Agenda setting by joining forces and networking on issues of similar interest[5]
  • Identifying and developing joint business opportunities[5]
  • Sharing know-how and best practice experiences for mutual learning[5]

See also

References

External links