Since the beginning of the pandemic in 2020, the European Development Finance Institutions (European DFIs), members of the EDFI association, have intensified their cooperation to build and support a more resilient private sector. By offering innovative financing, sustainable and inclusive solutions, European DFIs confirm their countercyclical and central role in development finance.
This collaborative approach also introduces a strengthened partnership of European DFIs, with the European Union, in the framework of the "Team Europe" initiative.
"Covid-19 and its spread to populations around the world has led to an economic shock of unprecedented scope and proportion. In emerging and developing countries in particular, the entrepreneurial fabric has been severely affected by the effects of sanitary measures and the freezing of many local commercial activities", recalls Françoise Lombard, Proparco's CEO, in the editorial of this issue.
"As the EDFI association celebrates its 30th anniversary this year, cooperation between all its members continues to intensify, demonstrating the need to strengthen synergies in order to provide an effective response in times of crisis. These coordination efforts must be further amplified to maximize the impact of DFIs in the field," adds Bruno Wenn, President of the EDFI Association.
Two years ago, the magazine Private Sector & Development devoted a special issue together with the association EDFI, on the occasion of the first global summit "Finance in common", whose objective was to exchange and coordinate the actions of public development banks, in order to best respond to the health and economic crisis, while contributing to the Sustainable Development Goals (SDGs) and the Paris Agreement on climate.
The objective of this issue #37 of Private Sector & Development is to reflect on the context of the crisis and to find more effective and sustainable development financing solutions. To shed light on this theme, the floor is given to numerous experts from European development finance institutions, the European Union and think tanks.
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Françoise Lombard, CEO of Proparco and Bruno Wenn, President of the EDFI association explain the main issues of the review in the video below