International Development Finance Club
From Wikipedia, the free encyclopedia
The International Development Finance Club (IDFC) is a partnership of development banks whose aim is to complement each other's needs for a more efficient global development.[1]
IDFC's Secretariat is headquartered in Paris, in the same building as the French Development Agency (5 rue Roland-Barthes, Paris).[1]
IDFC was founded in 2011 during the annual meeting of the International Monetary Fund and the World Bank.[2][3]
The current IDFC's President (appointed in October 2017)[4] is Rémy Rioux, chief executive of the French Development Agency.
Objectives
- Identifying and developing joint business opportunities[5]
- Sharing know-how and best practice experiences for mutual learning[6]
- Agenda setting by joining forces and networking on issues of similar interest[6]
Members
As of July 2018, IDFC had 23 members:[7]
- KfW
- Vnesheconombank
- French Development Agency
- Industrial Development Bank of Turkey
- Black Sea Trade and Development Bank
- Croatian Bank for Reconstruction and Development
- Small Industries Development Bank of India
- Indonesia Exim Bank
- China Development Bank
- Islamic Corporation for the Development of the Private Sector
- Korea Development Bank
- Japan International Cooperation Agency
- Central American Bank for Economic Integration
- CAF – Development Bank of Latin America and the Caribbean
- Nacional Financiera
- Bancoldex
- Corporación Financiera de Desarrollo
- Banco Nacional de Desenvolvimento Econômico e Social
- Banco Estado
- Caisse de Dépôt et de Gestion
- Development Bank of Southern Africa
- West African Development Bank
- Trade and Development Bank (formerly the PTA Bank)
The International Investment Bank was due to join IDFC by October 2018.[3]
