Publication of Private Sector & Development #43 – European development finance institutions: strategic players in changing times

Download the magazine PS&D #43

“These financial institutions currently invest more than €12 billion a year in the private sector in emerging and developing countries. By targeting sectors with a high social and environmental impact, these investments help to create jobs and preserve global public goods and greater social and economic stability, especially in the most fragile regions”, say Françoise Lonbard, CEO of Proparco and Luuk Zonneveld, Chairman of the association of European Development Finance Institutions (EDFI) which brings together 15 bilateral DFIs (including Proparco) representing a combined portfolio of €53 billion.

With the 4th International Conference on Financing for Development (FfD4) due to be held in Seville in a few weeks' time – which should serve as a reminder of the growing role that the private sector needs to play in achieving the SDGs - European DFIs need to adapt their business model to combine solutions to global challenges, outreach initiatives and support for European priorities more effectively. To do this, they have a number of serious advantages.

Using analysis and feedback, this issue of Private Sector & Development highlights the levers for action available to European DFIs. By capitalising on their local presence, networks, expertise and the diversity of their instruments, these strategic players can mobilise – both locally and internationally – private investors in the service of development.