International Development Finance Club

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]

History

IDFC was founded in 2011 during the annual meeting of the International Monetary Fund and the World Bank.^[2]

The current IDFC's President (appointed in October 2017)^[3] is Rémy Rioux, chief executive of the French Development Agency.

Members

As of July 2018, IDFC had 23 members:^[4]

Black Sea Trade and Development Bank
French Development Agency
Croatian Bank for Reconstruction and Development
KfW
Industrial Development Bank of Turkey
Vnesheconombank
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
Eastern and Southern African Trade and Development Bank (formerly the PTA Bank)

The International Investment Bank was due to join IDFC by October 2018.^[2]

Objectives

Identifying and developing joint business opportunities^[5]
Sharing know-how and best practice experiences for mutual learning^[5]
Agenda setting by joining forces and networking on issues of similar interest^[5]

References

^ ^a ^b "Who we are - Our vision – collaborating for the common good". International Development Finance Club. IDFC. Archived from the original on 18 July 2018. Retrieved 18 July 2018.
^ ^a ^b "IIB to join International Development Finance Club (IDFC)". IIB official site. International Investment Bank. 21 March 2018. Retrieved 18 July 2018.
^ "RÉMY RIOUX, ES NOMBRADO PRESIDENTE DEL INTERNATIONAL DEVELOPMENT FINANCE CLUB (IDFC)". AFD Agence Française de Développement. AFD. Retrieved 18 July 2018.
^ "Members - Global challenges local know-how". IDFC official website. International Development Finance Club. Archived from the original on 18 July 2018. Retrieved 18 July 2018.
^ ^a ^b ^c "Our Objectives We aim to serve". IDFC official website. International Development Finance Club. Archived from the original on 18 July 2018. Retrieved 18 July 2018.