Who we are
EDFI member institutions are focused on the development of private sector enterprises and operate in developing countries and emerging economies. They are mandated by their governments to contribute to the SDGs by creating jobs, boosting growth, fighting poverty and climate change. Although EDFI members have slightly different mandates and strategies, they are guided by a common ambition: “To improve people’s lives – for current and future generations – in countries where the need is the strongest, through the engine of private sector growth.”
Vision shared by European DFIs
A world where the private sector offers people in low- and middle-income countries opportunities for decent work and improved lives, and where private investment flows are aligned with the Sustainable Development Goals and the Paris Climate Agreement.
Mission of the EDFI Association
To promote members’ professional networks, inform policy, and drive innovation in industry standards.
Core values of our industry
DFIs emerged right after WW2. CDC was established in 1948, DEG in 1962, IFU in 1967, and FMO in 1970. Gradually, more and more countries considered ways to support private sector investments in developing countries and subsequently decided to set up their own DFI.
In 1992, seven European DFIs agreed to establish the Association of European Development Finance Institutions (EDFI) to strengthen cooperation and to facilitate knowledge-sharing and learning. Other institutions progressively joined the Association, which today represents fifteen members. EDFI remains open to new members. Please visit the members section for more information on the eligibility criteria.
EDFI aims to play an important role in helping members respond to the new development paradigm by stepping up its communications and adding more resources. EDFI has also established a new Management Company in 2016, which already manages ElectriFI and AgriFI , EU-funded facilities to support renewable energy and sustainable agriculture.
Bruno Wenn is the Chairman of EDFI, serving in an individual capacity. Bruno Wenn was the Chairman of the Management Board of DEG from October 2009 until June 2018. Prior to that he had been working for KfW Bankengruppe since 1982, in his last position he was responsible for the Regional Division Sub-Saharan Africa. Bruno Wenn began his career as a trainee with KfW in Frankfurt after graduating from University of Bonn with a degree in economics and a post graduate training programme in development economics at the German Development Institute, Berlin. Bruno Wenn is an Honorary Member of the German Business Associations for Africa, Hamburg/Berlin, Chairman of the Board of Trustees of AFOS Foundation for entrepreneurial Development, Cologne, Member of the Advisory Board of the Tony Elumelu Foundation, Lagos, and Member of the Board of various cultural Associations in Cologne.
CEO, OBVIAM (Manager SIFEM)
Claude Barras is the CEO of Obviam. SIFEM outsourced its portfolio management to the management company Obviam, which was established in 2011. This outsourcing ensures professionalism and permits the mobilization of private capital for joint investment projects without creating liability risks for the Swiss Confederation.
Claude has more than 20 years of experience in investing in developing countries and emerging markets. After beginning his career in economic diplomacy, Claude served as advisor to the Swiss Executive Director at the World Bank Group and has held numerous chairs, including the Global Corporate Governance Forum of the OECD and World Bank. Since then, he has been responsible for management of the Swiss government’s portfolio of SME-focused private equity funds in developing countries and emerging markets. Claude holds an MSc in economics from the University of Fribourg.
José Luis Curbello
Chairman & CEO, COFIDES
Jose L. Curbelo has a wide experience in COFIDES, since he was the Director of its Investment Department from 1999 to 2009. During his professional career he also held different positions, such as Deputy Chairman for Development Strategies and Public Policies and Chief Economist in CAF-Development Bank of Latin America, CEO at the Basque Institute of
Competitiveness (Orkestra), Head for the Small Business Development Unity of the Multilateral Investment Fund (MIF) in the Inter-American Development Bank (IDB), etc.
He is an Economist, and holds a PhD from the University of California-Berkeley, a Master Degree in Urban and Regional Planning from the University of Wisconsin-Madison and a “Licenciado” Degree in Economics from the University of the Basque Country.
Maria Håkansson is CEO of Swedfund, the Swedish Governments Development Finance Institution. Swedfund’s goal is to fight poverty through the creation of sustainable businesses in developing countries and thereby to contribute to Agenda 2030. Maria Håkansson is a business-oriented executive with experience from finance, M&A, sales, digitalization and new business models. She has a strong track record in building sustainable businesses and a long experience from leading global multi-cultural teams. Before joining Swedfund, Maria gained 20 years’ experience from a variety of senior positions at Ericsson, notably in her last position as Head of Internet of Things .
CEO, CDC group
Nick O’Donohoe joined CDC as its Chief Executive in June 2017 and is also a member of the CDC Board. He was previously a Senior Adviser to the Bill and Melinda Gates Foundation where he specialised in the use of blended finance models to support the work of the Foundation.
Prior to taking this role, Nick co-founded, with Sir Ronald Cohen, Big Society Capital (BSC). He served as its Chief Executive Officer from 2011 to December 2015. BSC is an independent financial institution established by the UK Government as “the world’s first social investment bank” and is capitalised with unclaimed UK bank accounts and investment by the largest UK banks.
Previously Nick worked at JP Morgan, latterly as Global Head of Research. He was a member of the Management Committee of the Investment Bank and the Executive Committee of JP Morgan Chase, as well as the senior sponsor for JP Morgan’s Social Finance Unit. Nick co-authored “Impact Investments: An Emerging Asset Class”, published by JP Morgan and the Rockefeller Foundation in November 2010. Prior to JP Morgan, he spent fifteen years at Goldman Sachs.
Nick served as Chairman of the UK Dormant Assets Commission which reported in March 2017. He is also a board member of the Global Impact Investing Network (GIIN) and Deputy Chairman of the Global Steering Group on Impact Investment.
Interim CEO, FMO
Linda Broekhuizen is FMO’s Chief Executive Officer ad interim. Linda Broekhuizen was appointed as interim CEO by the Supervisory Board in October 2020. She has been part of FMO’s Management Board as Chief Investment Officer for almost seven years.
Before joining the Board in 2014, she was as Director Financial Institutions responsible for FMO’s largest sector portfolio. Within FMO she successfully set up Agribusiness as a new focus sector. She was also FMO’s first Manager Sustainability Development, a new position created to integrate ESG as a business case in FMO’s core investment process.
In 2000, she started working at FMO, at first being responsible for investments in a selected number of countries in Eastern Europe & Central Asia and later in the Latin America department, where she managed a team since 2005. Before joining FMO, she worked at Fortis Bank in the Financial Institutions team for Latin America.
Luuk Zonneveld is Chief Executive Officer of the Belgian Investment Company for Developing Countries (BIO) since December 2012.
Luuk Zonneveld has worked in development since the 1980s, in particular in the promotion and financing of the private sector.
From 2008 to 2012, he was Managing Director of the Belgian non-profit organisation Vredeseilanden. Previously, he was one of the architects of the success of Fairtrade labeling, as Managing director of its global umbrella Fairtrade International in Bonn, from 2001 to 2007.
After graduating in Psychology, Sociology and Economics in France and the Netherlands, he started his career as a journalist. Later he held various positions in the international trade business and within NGOs and organisations active in North-South Cooperation such as Oxfam, in the Netherlands, Germany and Cuba.
Nanno is the Honorary Chairman of EDFI. He is also Chairman of the Board of Directors of the &Green Fund.
Nanno serves on the advisory boards of Forum International and Commonland. He is senior fellow of the World Resources Institute, a global research institute that focuses on critical issues at the intersection of environment and development.
Nanno served on the Management Board of the Dutch Development Bank (FMO) for 21 years, first as CFO and from 2008 to 2016 as CEO. He started his career with FMO in 1987 as an Investment Officer at the SME department. Prior to joining FMO, Nanno gained experience in development finance in the private sector while working for nearly 10 years in Peru, Mexico and Nicaragua.
Søren Peter Andreasen
Søren Peter Andreasen is General Manager of EDFI. Before joining EDFI in 2016, Søren worked for 15 years in the consulting industry with a specialisation in development, finance, and investment in emerging markets. Søren holds a master’s degree in public policy from Harvard University. He started his professional career with the United Nations (UN) Secretariat in New York before he joined McKinsey & Company in Copenhagen and subsequently co-founded the consulting firm Dalberg Global Development Advisors.
Director Policy & Partnerships
Programme Manager, Knowledge & Innovation
Membership Network Coordinator