International Cooperation

EDFI

One of DEG's main partner organisations is the Brussels-based association of the national, bilateral European Development Finance Institutions (EDFI). DEG has been a member of EDFI since 1992. 15 European bilateral development finance institutions for private-sector promotion are currently members of the association. Over recent years, cooperation has increased markedly.

Together with two other EDFI members, the Dutch FMO and the French Proparco, DEG established a joint finance facility, the so-called "Friendship Facility" in 2011. The initiative aims to offer customers higher financial deals (up to EUR 90 million) in an efficient way from a single source. The Friendship Facility is to contribute to improving the operational and strategic cooperation of the three organisations.

EFP

The European Financing Partners S.A. (EFP) is composed of 14 shareholders (EDFIs) and the European Investment Bank (EIB). The EFP aims to promote private economy in developing countries, especially in Africa and the Caribbean, with EU funding and own funds of the EDFIs.

ICCF

The Interact Climate Change Facility (ICCF) promotes renewable energies and climate efficient projects in developing economies. ICCF investors are eleven EDFI members, the French Agency for Development (l’Agence Française de Développement - AFD) and the European Investment Bank (EIB).

IFC

The International Finance Corporation (IFC) is a member of the World Bank Group and the largest global development institution focused exclusively on the private sector in developing countries. IFC reaches nowadays millions of people in more than 100 countries with its commitment.

EBRD

The European Bank for Reconstruction and Development (EBRD) was founded in 1991 and since then has invested EUR 110 billion in 4,500 projects. EBRD focuses on economic growth by investments and promotes countries’ transition to market economies.

EBRD invests in 30 countries in the Southern and Eastern Mediterranean region, Central- and Eastern Europe and Central Asia.

EIB

European Investment Bank (EIB), founded in 1958, is the Bank of the EU and is owned by the EU member-states. Besides the initiatives within the EU, EIB cooperates with more than 150 non-EUmembers and supports the EU’s development cooperation.

ADB

The Asian Development Bank (ADB) was founded in the early 1960s as a financial institution that promotes economic growth and cooperation in one of the poorest regions of the world. ADB is composed of 67 members, 48 of which are from the Asian and Pacific region.

AfDB

The African Development Bank (AfDB) consists of 54 regional member states and other members from all over the world. The overarching aim is sustainable economic development and social progress to contribute to poverty reduction in its regional member countries.

IDB

The Inter-American Development Bank (IDB) aims to reduce poverty and social inequality, improve health and education, and advance infrastructure in Latin America and the Caribbean to achieve development in a sustainable way. Its focus areas include social inclusion, economic integration and gender equality.

BMZ

The Federal Ministry for Economic Cooperation and Development (Bundesministerium für wirtschaftliche Zusammenarbeit und Entwicklung - BMZ) aims to reduce global poverty, violent conflicts and environmental destruction.

Together with the BMZ, DEG offers several development-programmes for companies: the develoPPP.de-programme supports projects with development impact, such as pilot projects. Furthermore, feasibility studies are realised with DEG’s help and are funded by the BMZ.

AHK

The German Chambers of Commerce Abroad (Deutsche Auslandshandelskammern - AHK) represent and give advice to German companies worldwide that wish to develop or expand their business activities abroad.

AHK disposes of a large network of bilateral partners, delegations and representatives of the German economy in 90 countries to support German economic interests and companies.

KfW Group - represented by DEG - has been supporter of the Extractive Industries Transparency Initiative (EITI) since April 2010. EITI is a voluntary coalition of governments, companies, industry associations and representatives of civil society, aimed at ensuring the accountable payment of revenue from raw materials extraction into the national budgets of the respective resource-rich developing countries and its use for sustainable development.

The promotion of Good Corporate Governance is an essential part in the work of development cooperation of financial institutions. Thus, DEG - together with 30 other DFIs - has committed to implement the Corporate Governance Development Framework. Above all, this Framework includes the systematic evaluation of corporate governance risks during the financing process and, if necessary, the development of plans of action and their implementation.