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COFIDES MEMBER OF EDFI
COFIDES is a founding member of the European Development Finance Institution (EDFI)
EDFI is an association of 15 bilateral institutions who supply large scale funding for private sector companies in developing countries or in transitory economies. The objective is to foster growth in sustainable business and to contribute towards the reduction of poverty and to improve people’s lives. The members of EDFI fund viable investment in the private sector promoting economic, environmental and socially sound sustainable development
Created in 1992, EDFI has the purpose of establishing standardised working practices, to encourage co-operation between its members and other bilateral and multilateral institutions, to strengthen ties with EU institutions, as well as creating joint efforts mechanisms such as the EFP (European Financing Partners) or ICCF (Interact Climate Change Facility).
EDFI CONSOLIDATED PORTFOLIO 2015
Joint Portfolio: €36bn
Number of worldwide projects: 4038
New projects in 2015:
Number of projects: 534
ICCF is a facility created in 2011 by EDFI members; the French Development Agency and the European Investment Bank to finance private and viable investment projects that help mitigate climate change and promote energy efficiency in countries receiving Official Development Assistance.
EFP is a financing tool created in 2003 by members of EDFI and European Investment Bank to finance private viable investment projects in sub-Saharan Africa, Caribbean and Pacific.
ICCF is a facility created in 2011 by the EDFI members, the French development agency and the European investment Bank to finance private, viable investment projects to serve to mitigate and to foster energy efficiency in recipient countries of the Official development Aid.
EFP is a financing tool created in 2003 by members of EDFI and European Investment Bank to finance to finance private viable investment projects in sub-Saharan Africa, Caribbean and Pacifices.