Leading Development Finance Institutions launch Corporate Governance Framework to support emerging markets

Leading Development Finance Institutions Launch Corporate Governance Framework to Support Emerging MarketsThe 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 report, International Finance Institutions and Development through the Private Sector, was launched during the World Bank-IMF Annual Meetings. It was produced by 31 international finance institutions (IFIs). Senior officials of more than 20 IFIs were attending the launch event. See Webcast from the report launch here

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. See Webcast from the report launch here

Agence Française de Développement, the European Investment Bank and eleven members of the Association of European Development Finance Institutions (EDFI) for private sector investments in developing and reforming economies, have agreed to jointly finance climate change and climate efficiency projects. The institutions have agreed to establish the Interact Climate Change Facility to enhance combined climate action initiatives

As contribution to the discussion about the bilateral DFI's involvement in private sector development, the EDFI members have in July 2010 launched a new consultancy report as a follow-up to the report of the Nordic DFIs, published in Stockholm in October 2009. The new report covers the activities of all 15 EDFI members.. READ MORE

AFD, EIB and EDFI members on May 7 signed a Memorandum of Understanding at a meeting in Bruges on Friday. The Parties intend to establish an investment matching facility to invest in private sector climate change projects in Africa, the Caribbean and the Pacific, Asia and Latin America before the end of 2010. READ MORE

European and Asian development finance institutions (DFIs), including 8 EDFI members, have publicly endorsed the Institutional Limited Partners Association’s Private Equity Principles (Principles), a set of guidelines intended to strengthen the long‐term viability of private equity as an asset class. READ MORE

As contribution to the discussion about the bilateral DFI's involvement in private sector development, the Nordic DFIs launched a report in Stockholm on October 23. READ MORE