Over the past decade, health, climate and geopolitical challenges have increased exponentially. In response, Europe’s development finance institutions (DFIs) have stepped up their cooperation and anchored their activities firmly within the framework of the SDGs. While the overall assessment of this decade is a positive one, it also highlights the need for adjustments, which should enable European DFIs to step up their action as part of a more partnership-based approach – notably with players from the private financing sector – while continuing to fulfil their counter-cyclical role and financing the challenges of tomorrow.

The climate challenge is daunting but technological progress and cost reductions are opening new investment opportunities all the time. We can look forward to a golden decade of climate investing.

The Danish Investment Fund for Developing Countries (IFU) is working tirelessly alongside the Ukrainian government and society to support the country’s businesses and people. It follows a rigorous funding process, while upholding sustainability principles.