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Home/DFI Index/DFI Transparency Index 2025/NDB – sovereign

NDB – sovereign

NDB – non-sovereign

World Bank

The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries. It consists of the International Development Association (IDA) and the International Bank for Reconstruction and Development (IBRD). IDA provides concessional or interest-free loans and grants to governments of the poorest countries, while IBRD lends to governments of middle-income and creditworthy low-income countries. It was established in 1944, and was among the first multilateral development banks to become an IATI member in 2008. 

IsDB

The Islamic Development Bank (IsDB) is a multilateral development finance institution that is focused on Islamic finance for infrastructure development. IsDB was established in 1975. Major shareholders of IsDB are Saudi Arabia (26.57%), Algeria (10.66%) and Iran (9.32%). 

IDB

The Inter-American Development Bank (IDB) provides concessional and non-concessional loans, loan guarantees, grants, and technical assistance to middle and lower-income countries in Latin America and the Caribbean. IDB became an IATI member in 2011 and first published to the IATI Registry in March 2013. IDB manages the IDB Group’s sovereign-backed lending, while a separate entity, IDB Invest, manages the private sector portfolio. IDB was established in 1959

EIB – sovereign

The European Investment Bank (EIB) is the European Union’s (EU) bank and is owned by its member states. EIB works with other EU institutions to support EU policy and provides lending, blended finance, and technical advice for investment both within and outside the EU. EIB was established in 1958. 

EBRD – sovereign

The European Bank for Reconstruction and Development (EBRD) is a multilateral development bank that aims to promote transition in central and eastern Europe, central Asia, and the southern and eastern Mediterranean. Its sovereign portfolio provides loans and guarantees as well as business advisory services to public institutions. EBRD’s shareholders include countries from the region and the rest of the world, plus the European Union and the European Investment Bank. EBRD is not an IATI member but started publishing to the IATI Standard in May 2015. EBRD was established in 1991. 

CAF – sovereign

The Development Bank of Latin America and the Caribbean (CAF), is a development finance institution that finances development projects and promotes a sustainable development model in Latin America and the Caribbean through credit operations, non-reimbursable resources, and technical assistance. CAF was established in 1970 and currently has 17 members. Its sovereign portfolio finances projects in the public sector. 

AsDB – sovereign

Asian Development Bank (AsDB) promotes resilience and sustainability across the Asia-Pacific region. Its sovereign portfolio provides non-concessional and concessional loans, grants, and technical assistance to lower and middle-income governments. It engages in projects more directly orientated towards social development and poverty alleviation. AsDB publishes to the IATI Standard. It was established in 1966. 

AIIB – sovereign

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond. It began operations in 2016. The sovereign portfolio of the AIIB provides financing for infrastructural projects to governments in Asian countries and beyond.

AfDB – sovereign

The African Development Bank (AfDB) promotes regional cooperation and unity across the African region. Its sovereign portfolio provides non-concessional and concessional loans, grants, and technical assistance to low and middle-income governments. AfDB became an IATI member in 2011 and started publishing IATI data in June 2013. AfDB was established in 1964. 

Swedfund (Sweden)

Swedfund International AB (Swedfund), is a Swedish development financier and development cooperation actor. Swedfund contributes venture capital, start-up aid, and expertise for investments in low- and middle-income countries. It was established in 1979, and joined EDFI in 1995. Swedfund is wholly owned by the Swedish state.

SIFEM (Switzerland)

The Swiss Investment Fund for Emerging Markets (SIFEM), is a Swiss development finance institution. SIFEM was established in 2005, after taking over the investment portfolio of the State Secretariat for Economic Affairs (SECO). SIFEM promotes long-term, sustainable and broad-based economic growth in developing and emerging countries. It was restructured to its current form in 2011. It joined the European Development Finance Institutions Association (EDFI) in 2005. SIFEM is wholly owned by the Swiss Government.  

Proparco (France)

The Promotion and Participation Company for Economic Cooperation (Proparco), is a French development finance institution. It was established in 1977 and ownership is split between the majority shareholder, Agence Francaise de Developpement (AFD) (79.8%), French Financial Institutions (8.2%), International Financial Organisations (10%), French Companies (1.4%), and Investment Funds & Foundations (0.6%). Proparco’s mandate is to foster private investment in emerging and developing economies with the aim of supporting growth and sustainability. It joined the European Development Finance Institutions Association (EDFI) in 1997. 

OeEB (Austria)

The Development Bank of Austria (OeEB), is the Austrian development finance institution and wholly-owned subsidiary of Oesterreichische Kontrollbank AG (OeKB). It was established in 2008 with the purpose of financing private investment projects in developing countries and emerging markets. It joined the bilateral European Development Finance Institutions Association (EDFI) in 2008. 

Norfund (Norway)

The Norwegian Investment Fund for Developing Countries (Norfund), is the Norwegian development finance institution. It was established by the Norwegian Parliament in 1997 and it is owned entirely by the Norwegian Ministry of Foreign Affairs. Norfund joined the European Development Finance Institutions Association (EDFI) in 2001. 

IFU (Denmark)

The Investment Fund for Developing Countries (IFU), is a development finance institution owned by the Danish Government. It was established in 1967 as an independent government-owned fund offering advisory and risk capital to companies with Danish interest wishing to do business in emerging markets. IFU is fully owned by the Danish Government and it joined the European Development Finance Institutions Association (EDFI) in 1992. 

IFC

The International Finance Corporation (IFC) is a member of the World Bank Group. It is the largest global development institution focused exclusively on the private sector in emerging and developing economies. IFC became a member of IATI in 2017 and first published IATI data that same year. 

IDB Invest

IDB Invest manages the IDB Group’s private sector portfolio. IDB Invest provides a variety of loans, blended finance, guarantees, equity, and resource mobilisation to support the private sector, helping to achieve sustainable economic growth in countries in Latin America and the Caribbean. IDB Invest first published to the IATI Standard in November 2021.

ICD

The Islamic Corporation for the Development of the Private Sector (ICD), is the private sector arm of the Islamic Development Bank (IsDB). It was established in 1999 to support the economic development of ICD member countries through the provision of finance for private sector projects. ICD has 54 member countries.  

FMO (Netherlands)

The Dutch Entrepreneurial Development Bank (FMO), is a Dutch development bank structured as a bilateral private sector international financial institution. It was established in 1970. FMO manages funds for the Ministries of Foreign Affairs and the Economic Affairs of the Dutch Government to maximise the development impact of private sector investments in developing countries. The Dutch Government holds a majority share of 51%. The rest is shared between Large Dutch Banks (42%), Dutch Employers’ Association, Dutch trade unions and individual investors. FMO joined the European Development Finance Institutions Association (EDFI) in 1992. 

Finnfund (Finland)

The Finnish Fund for Industrial Cooperation Ltd (Finnfund), is Finland’s development finance institution that provides long-term investment loans and risk capital to private projects in developing markets. It was founded in 1980, and its ownership is split between the Finnish State with majority shares (95.7%), Finnvera (4.2%), and the Confederation of Finnish Industries (EK) (0.1%). Finnfund is a member of the European Development Finance Institutions Association (EDFI). 

EIB – non-sovereign

The European Investment Bank (EIB) is the European Union’s (EU) bank and is owned by its member states. EIB’s non-sovereign portfolio works with other EU institutions and the private sector to support EU policy and provides lending, blended finance, and technical advice for investment within and outside the EU. EIB was established in 1958.  

EBRD – non-sovereign

The European Bank for Reconstruction and Development (EBRD) is a multilateral development bank that aims to promote transition in central and eastern Europe, central Asia, and the southern and eastern Mediterranean. Its non-sovereign portfolio provides loans, equity investments, and guarantees as well as business advisory services to private institutions. EBRD’s shareholders include countries from the region and the rest of the world, plus the European Union and the European Investment Bank. EBRD started publishing to the IATI Standard in May 2015. EBRD was established in 1991.  

DFC (United States)

The United States International Development Finance Corporation (DFC) is the development bank of the United States. DFC is an agency of the United States federal government and was established in 2019 following the merging of the Overseas Private Investment Corporation (OPIC) with the Development Credit Authority (DCA) of United States Agency for International Development (USAID).

DEG (Germany)

German Investment and Development Company (DEG), is a subsidiary of the German Investment Corporation (KFW). It was established in 1962. DEG finances long-term investments of private companies in developing and emerging market countries. DEG is one of the world’s largest private-sector development financiers, investing in nearly 80 countries. It joined the Association of bilateral European Development Finance Institutions (EDFI) in 1992. 

CAF – non-sovereign

The Development Bank of Latin America and the Caribbean (CAF), is a development finance institution that finances development projects and promotes a sustainable development model in Latin America and the Caribbean through credit operations, non-reimbursable resources, and technical assistance. CAF was established in 1970 and currently has 17 members. Its non-sovereign portfolio finances development projects in the private sector.

BIO (Belgium)

Belgian Investment Company for Developing Countries (BIO) was formed in 2001 to fund development projects in emerging countries. It began as a 50-50 joint venture between the Government of Belgium and the Belgian Corporation for International Investment (SBI-BMI). In 2014, the Belgian State acquired full shareholdership of BIO. BIO joined the Association of bilateral European Development Finance Institutions (EDFI) in 2002. 

BII (United Kingdom)

British International Investment (BII), is the development finance institution of the United Kingdom. It was established in 1948 as the Colonial Development Corporation (CDC) and renamed the Commonwealth Development Corporation in 1963. In 2021, the Foreign, Commonwealth and Development Office (FCDO), renamed it British International Investment, with the FCDO as its lone shareholder. BII joined the Association of bilateral European Development Finance Institutions (EDFI) in 1992. 

AsDB – non-sovereign

The Asian Development Bank (AsDB) promotes resilience and sustainability across the Asia-Pacific region. Its non-sovereign portfolio provides non-concessional and concessional loans, equity investments, loan guarantees, grants, and technical assistance to the private sector in lower and middle-income countries. AsDB publishes to the IATI Standard. It was established in 1966. 

AIIB – non-sovereign

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond. It began operations in 2016. The non-sovereign portfolio of the AIIB provides financing for infrastructural projects in the private sector. 

AfDB – non-sovereign

The African Development Bank (AfDB) promotes regional cooperation and unity across the African region. Its non-sovereign portfolio provides non-concessional and concessional loans, equity investments, loan guarantees, and technical assistance to lower and middle-income governments and the private sector. AfDB was established in 1964. 

 

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