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 the joint interests of the members, 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.
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.
Chief International Development Finance Officer at CDP S.p.A
Ms. Baldino holds an Honours Degree in Economics from the Sapienza University in Rome and an MA in International Economics from the Graduate Institute of International Studies in Geneva.
Since 2018, she has been the Chief International Development Finance Officer at Cassa Depositi e Prestiti S.p.A. and board member of The Marguerite Fund, Credito Sportivo and Fintecna S.p.A.. She has been a Director on the Board of Terna S.p.A. since 18 May 2020.
She joined Cassa Depositi e Prestiti in 2015, where she held the position of Chief Business Officer until 2018. Previously, Ms. Baldino worked for key international financial institutions in the corporate, investment banking and research sectors, focusing on infrastructure, as well as public and development finance.
At the beginning of her career, Ms. Baldino served as an economist at the World Bank in the Central Western Africa Department and at The United Nations Conference on Trade and Development.
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, DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH
Roland Siller has been CEO of DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH since 15 July 2021. He previously was a Member of the Management Committee at KfW Development Bank since 2012, in charge of Strategy, Policy and Latin America since 2019. Siller holds a master degree in business administration and political science from the University of Erlangen-Nürnberg (Germany) and the Institut d’Etudes Politiques of Strasbourg (France) and completed the Postgraduate Programme of the German Development Institute (DIE). He began his career at KfW in 1993. For two years he was seconded to the French Development Bank AFD. Since 2000 he has held various management positions at KfW Development Bank. Parallel to this he attended the Advanced Management Program at Wharton Business School.
CEO, British International Investment (BII)
Nick O’Donohoe joined BII (previously CDC) as its Chief Executive in June 2017 and is also a member of the BII 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.
Member of the Executive Board, OeEB
Sabine Gaber has been Member of the Executive Board of OeEB since January 2018. She joined OeEB in 2009 and served as Managing Director of the Investment Finance department, which provides long-term loans and fund investments to private sector projects in developing countries and emerging markets worldwide.
Sabine Gaber studied international business administration in Vienna and Los Angeles. During her 20 years of experience in various commercial banks, she has been responsible for structuring complex international projects both on market as well as on credit risk side.
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.
General Manager (CEO)
Since 2018, David Kuijper works as Manager Public Investment and Blended Finance at FMO – the Dutch Development Bank, based in The Hague. Prior to joining FMO, he worked as Advisor on Financing for Development and on Trust Fund Reform at the World Bank Group in Washington DC.
David started his career as an Advisor in the Dutch Parliament and subsequently joined the Netherlands Foreign Service in 1998.
Before joining the World Bank in 2013, he was Deputy Director Environment, Climate, Water and Energy in the Ministry of Foreign Affairs. Prior to this, he served as Deputy Ambassador of the Netherlands to Pakistan. From 2006 to 2010, he was the Senior Advisor to the Netherlands Executive Director in the Board of the World Bank. He lived and worked in Ghana between 2001 and 2006, heading the Development Cooperation program at the Netherlands Embassy in Accra. He is an alumnus of the Free University Amsterdam, the Netherlands and University College Dublin, Ireland.
Director Policy & Partnerships
Laure Blanchard-Brunac is the Director of Policy & Partnerships of the Association of European Development Finance Institutions (EDFI). Laure’s main areas of expertise are investment, development finance and EU policy. Prior to her role at EDFI, she worked at the European Bank for Reconstruction Development in various senior functions, and at the European Commission, and French Development Finance Institution PROPARCO. After spending more than 10 years executing debt and equity transactions, Laure has contributed to the implementation of key EU policy initiatives, including EU financial instruments. Laure has also been recently appointed as Investment Committee member of InvestEU, an EU flagship initiative to support sustainable investments in the EU. Laure holds a postgraduate Grande Ecole degree from HEC Paris.
Pia Krökel Caruana
Programme Manager, Knowledge & Innovation
Pia Krökel Caruana is the Programme Manager for Knowledge & Innovation of the Association of the European Development Finance Institutions (EDFI). In this role she develops and implements strategic EDFI initiatives and data / knowledge programmes. She ensures coordination on projects of strategic relevance to EDFI member institutions, as well as delivery of fact-based industry perspectives and innovation projects. Before joining EDFI in 2023, she worked as Senior Lawyer and Innovation Manager at Freshfield Bruckhaus Deringer LLP, where she built and lead a team specialised in multi-jurisdictional M&A and Foreign Investment analyses. In her innovation role she also managed and marketed legal technology solutions and was an active member of the antitrust practice’s technology group. Prior to this, she worked at Cleary Gottlieb Steen and Hamilton LLP from 2011 to 2015 in various knowledge management functions. Pia holds a joint master’s degree in law, which allowed for studies in Germany, France, and India.
Senior Programme Manager, Knowledge & Innovation
Membership Network Coordinator
Team Europe Adviser
Manager Administration & Services
Aklesso Barthélémy Tchedou