Finance


Financing partnerships

EDFI members believe that, in many instances, they can be more effective and efficient by working together. They often partner with each other and join forces with other financial institutions to leverage mutual expertise and pool funding for a specific investment project. This allows them to reach scale, share expertise, and spread risk, especially in challenging countries and sectors.

Over the last years, EDFI members have set up several facilities to promote joint investment activities among themselves and with other institutions, e.g. the European Investment Bank (EIB). Facilities such as EFP and ICCF enable participating institutions to invest more easily alongside one-another and help mobilise funds to bring about larger-scale projects. The facilities are characterised by relatively efficient and fast-track processes with low administrative overheads.

One of EDFI’s main goals is to promote partnerships and stimulate close cooperation with the EU. In December 2013, EDFI, the EIB and the European Commission set up the “European Union – European Development Finance Institutions Private Sector Development Facility” (EEDF) a facility dedicated to promoting access to modern energy services in Africa, the Caribbean and Pacific countries.

More recently, EDFI has established an Asset Management Company, EDFIMC, to manage delegated funding from the EU (ElectriFI, a financing vehicle of EUR 116m, is the first of its kind to be overseen by EDFIMC).

Facilities

ICCF

The Interact Climate Change Facility

The ICCF seeks to promote the use of renewable energy and clean technologies as well as energy efficiency in developing and emerging countries by providing long-term financing.

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EEDF

European Union – European Development Finance Institutions Private Sector Development Facility

EEDF is dedicated to promoting access to modern energy services in Africa, the Caribbean and Pacific countries.

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ElectriFI

The Electrification Financing Initiative

ElectriFI aims to unlock, accelerate and leverage private sector investment to increase or improve access to affordable, reliable, sustainable and modern energy in developing countries.

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EFP

European Financing Partners

EFP, a joint venture between the EIB and several European DFIs, is a co-financing vehicle established in 2003 aiming at promoting sustainable development of the private sector and strengthening co-operation between eligible European Development Finance Institutions and the EIB.

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