Projects

Who we are

intro

01

EDFI MC mission

We empower entrepreneurship in frontier markets. As the platform of European DFIs for innovative solutions, we are at the forefront of blended finance, bridging the investment gap for private sector projects.

02

EDFI MC vision

A world where responsible entrepreneurs are equipped to drive sustainable development which creates jobs, enhances quality of life and fights climate change.

Sustainability

We are an impact first organisation. Every project we become a part of is based on sustainable goals. We embrace sustainability internally as well. It is our strategic and operational imperative.

Entrepreneurship

We strongly believe in the power of entrepreneurship. It is deeply embedded in our purpose to take more risk than other investors so that we open doors to markets that are deemed too risky.

Integrity

We uphold ethics and honesty in the execution of professional duties. We are transparent about our intentions and reliable in our actions and prefer substance over form.

Accountability

We take ownership and think ahead. We are responsive and honour our commitments. We are ready to explain and justify our actions.

Inclusiveness

We seek diversity, that brings different perspectives, as well as collaboration in decision-making. We ensure that everybody is valued, respected and given equal opportunities.

Additionality

We invest in a strategic way to fill market gaps and reach underserved businesses. Our financial solutions represent an additional layer to the market, meaning we step in when entrepreneurs face challenges securing commercial financing due to the high-risk nature of their ventures or of the markets they operate in.

Our history

2016
2017
2018
2020
2021
2022

April 2016: creation of EDFI MC

The EDFI Management Company SA (EDFI MC) was established in April 2016 as an initiative of European Development Financial Institutions, on behalf of 15 DFIs, as a full subsidiary of the EDFI Association in Brussels (BIO holding 1% as second shareholder required in Belgium). The direct reason for the creation of EDFI MC was to manage €75m of ElectriFI funding (sub-delegated by FMO), as the first instance of the DFI group managing delegated funding from the EU blending instruments. The EC was strongly pushing DFIs to take up such mandates.

December 2017: growth of assets under management

After committing in December of 2016 an additional €42m to ElectriFI, an important new milestone was hit in December 2017 when both the first 4 country windows were contracted with ElectriFI (an additional €85m; via FMO) as well as AgriFI (€39m; via FMO). Assets under management increased to nearly €246m.

2018: new focus on the engagement with DFIs

The significant increase in assets under management led to re-visiting the mission and scope of EDFI MC. A new focus was put on the engagement with DFIs and support for DFI investments.

The 2018-2020 EDFI MC strategy included the target to firmly anchor EDFI MC managed programmes in the common interest of EDFI members and to strengthen the company with implementation capacity as well as legal and financial exposures, setting up an organization, processes and infrastructure warranting DFI quality.

2020: synergy with EDFIs – addition of EFP and ICCF

Efforts were made to create synergies between the EDFI MC strategy and the investment activities of EDFI asbl members in areas of common interest, contributing to leveraging and improving their activities. In this context, in the course of 2020, the administration services to the European Financial Partners (EFP) and the Interact Climate Change Facility (ICCF) were transferred from the EDFI Association to the EDFI MC.

2021: Team Europe

The prospect of a new EU multiannual financial framework (MFF 2021-2027) with a large window under EFSD+ guarantees in the open architecture, created an opportunity space for all DFIs to become an essential part of “Team Europe” and the EU’s open access model. EDFI MC was meant to become an essential gateway for DFIs to access blended finance solutions and to play a significant role in European DFI’s EU Partnership Plan.

Three business lines were distinguished:

  • Market Development Facilities
  • Risk Sharing Facilities or guarantees
  • Co-financing Facilities

Jul 2022: MSME platform programme

In July 2022, EDFI MC signed with the European Commission the Guarantee Agreement to manage the 80€m MSME Platform Programme. The end of the year became an inflection point as the European Commission allocated 1.39€b under the EFSD+ to the EDFI community through EDFI MC.

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Services we provide

We offer financial services which nourish entrepreneurship in developing countries.

01

Investments

Through AgriFI and ElectriFI, our market development facilities, we provide catalytic capital with the aim to accelerate market development, build track record and contribute to future investments pipelines of DFIs and private investors.

More info

02

Guarantees

In 2022 EDFI MC and the EU signed the first Guarantee Agreement to implement MSME Platform program, a risk-sharing mechanism to foster financing from European DFIs to local financial institutions. The final goal is addressing financial constraints faced by MSMEs. This new business line will be complemented with new risk-sharing facilities. The EU allocated through EFSD+ to EDFI MC € 1.4 billion guarantees to mobilise financing to developing countries.

More info

03

Syndications

Working together with EDFIs and EIB, through a streamlined syndication model we show our clear commitment for a greater outreach in supporting private sustainable growth in developing countries and emerging markets. Nine European DFIs (BIO, Cofides, DEG, FinnFund, FMO, IFU, OeEB, Proparco and SwedFund) together with EIB committed in 2022 € 680 million to the joint investment vehicles European Financial Partners (EFP) and Interact Climate Change Facility (ICCF). This pledge proves that union is strength.

More info

04

Grants

Beneficiaries of grants are early stage companies which allows us to work more in upstream, involving more “market creation” and complementing the investment activities under AgriFI and ElectriFI, aimed at “market accelerating” in the sectors of off-grid energy and agricultural markets.

More info

Shareholders

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BELGIAN INVESTMENT COMPANY FOR DEVELOPING COUNTRIES

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COMPAÑÍA ESPAÑOLA DE FINANCIACIÓN DEL DESARROLLO

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DEUTSCHE INVESTITIONS- UND ENTWICKLUNGSGESELLSCHAFT MBH

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FINNISH FUND FOR INDUSTRIAL COOPERATION LTD

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NETHERLANDS DEVELOPMENT FINANCE COMPANY

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IFU – THE INVESTMENT FUND FOR DEVELOPING COUNTRIES

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THE DEVELOPMENT BANK OF AUSTRIA

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SOCIÉTÉ DE PROMOTION ET DE PARTICIPATION POUR LA COOPÉRATION ECONOMIQUE

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SWEDFUND INTERNATIONAL AB

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EUROPEAN DEVELOPMENT FINANCIAL INSTITUTIONS

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