Who we are

EDFI


Mission

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

    • Responsible
    • Sustainable
    • Impact-driven
    • Trusted
    • Transparent

    History

    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.

    Governance

    EDFI asbl is a non-profit association, registered in Belgium in 1992. Its legal bodies are defined in its bylaws. EDFI’s supreme body is the General Meeting, which convenes once a year. Extraordinary General Meetings are convened by the Board of Directors whenever it’s deemed necessary or upon request of one fifth of the Members.

    The Association is managed by a Board of Directors consisting of up to six directors, elected by the General Meeting among the representatives appointed by the Members, by a simple majority, for a one-year term. They are eligible for re-election at the end of each term for a total of three consecutive years. The Board of Directors elects the Chairperson for a one-year term among the directors. The Chairperson is eligible for re-election at the end of each term for a total of three consecutive years. The current Chair, serving in a personal capacity, has been elected by the members.

    The General Manager, nominated and revoked by the General Meeting, is responsible for EDFI’s daily management. He reports to the Board of Directors. The Board has set up Networking Groups for the exchange of experience and information. There are currently 7 formal Networking Groups that meet once or twice a year:

    • Environment and Social Standards
    • Development effects
    • Technical Assistance
    • Corporate governance
    • Communications
    • HR
    • Legal

    EU Transparency Register 410540760-32

    Board members

    Bruno Wenn

    Chairman

    Bruno Wenn
    Chairman

    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.

    Claude Barras

    CEO, OBVIAM (Manager SIFEM)

    Claude Barras
    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

    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

    CEO, Swedfund

    Maria Håkansson
    CEO, Swedfund

    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 .

    Nick O’Donohoe

    CEO, CDC group

    Nick O’Donohoe
    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.

    Peter van Mierlo

    CEO, FMO

    Peter van Mierlo
    CEO, FMO

    Peter van Mierlo started as Chief Executive Officer in FMO’s Management Board in 2018. Prior to joining FMO, Peter worked in the professional services industry for over 30 years. He started his career in 1987 at one of the predecessors of PwC. Peter van Mierlo has built his career on advising clients around mergers and acquisitions and he held a wide range of national and international leadership positions such as Transaction Leader, Chairman of the Assurance Board, CEO of the Dutch PwC organisation as well as Managing Partner of PwC Europe. Peter van Mierlo holds a Master’s degree in Economics from Erasmus University.

    Luuk Zonneveld

    CEO, BIO

    Luuk Zonneveld
    CEO, BIO

    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 Kleiterp

    Honorary Chair

    Nanno Kleiterp
    Honorary Chair

    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.

    Secretariat

    The EDFI Secretariat is based in Brussels and consists of an international team of five members.

    Søren Peter Andreasen

    General Manager

    Søren Peter Andreasen
    General Manager

    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.

    Laure Blanchard-Brunac

    Director Policy & Partnerships

    James Brenton

    Programme Manager, Knowledge & Innovation

    Ewa Lubiejewski

    Membership Network Coordinator

    Mathilde Poncelet

    Communications Specialist

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