International Development Finance Club Explained

The International Development Finance Club (IDFC) is a partnership of development banks whose aim is to complement each other's needs for a more efficient global development.^[1]

IDFC's Secretariat is headquartered in Paris, in the same building as the French Development Agency (5 rue Roland-Barthes, Paris).^[1]

History

IDFC was founded in 2011 during the annual meeting of the International Monetary Fund and the World Bank.^{[2] [3]}

The current IDFC's President (appointed in October 2017)^[4] is Rémy Rioux, chief executive of the French Development Agency.

Members

As of July 2018, IDFC had 23 members:^[5]

• KfW
• Vnesheconombank
• French Development Agency
• Industrial Development Bank of Turkey
• Black Sea Trade and Development Bank
• Croatian Bank for Reconstruction and Development
• Small Industries Development Bank of India
• Indonesia Exim Bank
• China Development Bank
• Islamic Corporation for the Development of the Private Sector
• Korea Development Bank
• Japan International Cooperation Agency
• Central American Bank for Economic Integration
• CAF – Development Bank of Latin America and the Caribbean
• Nacional Financiera
• Bancoldex
• Corporación Financiera de Desarrollo
• Banco Nacional de Desenvolvimento Econômico e Social
• Banco Estado
• Caisse de Dépôt et de Gestion
• Development Bank of Southern Africa
• West African Development Bank
• Eastern and Southern African Trade and Development Bank (formerly the PTA Bank)

The International Investment Bank was due to join IDFC by October 2018.^[3]

Objectives

• Identifying and developing joint business opportunities
• Sharing know-how and best practice experiences for mutual learning
• Agenda setting by joining forces and networking on issues of similar interest^[6]

See also

• World Economics Association
• International financial institutions

External links

• Official Website
• Financial Instrument

Notes and References

1. Web site: Who we are - Our vision – collaborating for the common good . International Development Finance Club . IDFC . 18 July 2018 . https://web.archive.org/web/20180718144754/https://www.idfc.org/Who-We-Are/who-we-are.aspx . 18 July 2018 . dead.
2. Web site: Advanced market analysis techniques to interpret price action and indicator signals effectively . 2024-07-25 . en.
3. Web site: IIB to join International Development Finance Club (IDFC) . IIB official site . International Investment Bank . 18 July 2018 . 21 March 2018.
4. Web site: RÉMY RIOUX, ES NOMBRADO PRESIDENTE DEL INTERNATIONAL DEVELOPMENT FINANCE CLUB (IDFC) . AFD Agence Française de Développement . AFD . 18 July 2018.
5. Web site: Members - Global challenges local know-how . IDFC official website . International Development Finance Club . 18 July 2018 . https://web.archive.org/web/20180718144720/https://www.idfc.org/Who-We-Are/members.aspx . 18 July 2018 . dead.
6. Web site: Our Objectives We aim to serve . IDFC official website . International Development Finance Club . 18 July 2018 . https://web.archive.org/web/20180718144921/https://www.idfc.org/Who-We-Are/our-objectives.aspx . 18 July 2018 . dead .