International Cooperation
To package finance and know-how efficiently, DEG draws on international networks. This includes the members of European Development Finance Institutions (EDFI), the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD). DEG furthermore cooperates with the International Finance Corporation (IFC) of the World Bank Group and with regional development banks.
A strong network promoting private sector development
DEG has been a member of EDFI since 1992. 15 European bilateral development finance institutions are currently members of the Brussels-based organisation. Over recent years, cooperation has increased markedly. At the end of financial year 2010, EDFI’s project portfolio came to EUR 21.7 billion.
Twelve EDFI members, including DEG, have joined with the European Investment Bank (EIB) in “European Financing Partners”. EFP promotes private investments in the ACP group of states. To date, more than EUR 770 million have been made available. Following the lead of this successful model, EDFI cooperated with EIB and the Agence Française de Développement (AFD) to devise the “Interact Climate Change Facility” in 2010. Its aim is to promote climate-friendly projects. ICCF has been allocated approx. EUR 250 million, of which EUR 30 million were committed by DEG.
