SIFEM works closely with Swiss government agencies in the field of (economic) development cooperation
European Development Finance Institutions
SIFEM, the Swiss Development Finance Institution, is a member of the Association of European Development Finance Institutions (EDFI). This association is an alliance of 15 national development finance organizations. Its aim is to promote cooperation between its constituent organizations and to foster an exchange of information between individual members and other bilateral, multilateral and regional development finance institutions.
DFIs seek to foster responsible investment practices, and to lead by example, also when it comes to responsible tax. In doing so, they can have a strong demonstration effect on private investors and a direct influence over the companies they invest in. Therefore, EDFI members have endorsed a set of principles for their approach to responsible tax practices. You can read the document here.
BIO, Belgian Investment Company for Developing Countries
CDC, CDC Group (Great Britain)
Cofides, Compania Espanola de Financiacion del Desarollo
DEG, Deutsche Investitions- und Entwicklungsgesellschaft
Finnfund, Finnish Fund for Industrial Cooperation Ltd
FMO, Netherlands Development Finance Company
IFU, Danish International Investment Funds
Norfund, Norwegian Investment Fund for Developing Countries
OeEB, Austrian Development Bank
Proparco, Société de Promotion et de Participation pour la Coopération Economique
Proparco, Private Sector & Development
SBI, Belgian Corporation for International Investment
Simest, Società Italiana per le Imprese all’ Estero
Sofid, Sociedade para o financiamento do desenvolvimento, Portugal
SIFEM is part of Interact Climate Change Facility, an initiative of the European Development Finance Institutions (EDFI). The organization finances private sector projects in the field of renewable energies and energy efficiency in developing and emerging countries.
An independent study by Dalberg Global Development Advisers concludes that the DFIs are an important “Third Pillar” in the international development policies with aid and multilateral development banks being the two other pillars. They play a growing role in reaching the development goals of the governments backing them. They can also act as an important counter-cyclical force in the economic downturn.
African Development Bank
Asian Development Bank
Black Sea Trade and Development Bank
EBRD, European Bank for Reconstruction and Development
IFC, International Finance Corporation
Inter-American Development Bank (IIC and MIF)