In 2023, fifteen Europe-based development finance institutions (EDFI) recorded their strongest year for total level of joint commitments by channelling a combined EUR 9.5 billion. This provided the opportunity for private sector clients in emerging and developing economies to access capital for impact-rich business activity.

Some highlights of the joint commitment: 

  • Africa as an investment destination took the largest share with 40 per cent of total new commitments in 2023, valued at EUR 3.8 billion. 
  • The commitment of EDFIs to Gender Finance climbed year on year by 38 per cent through joint effort, reaching EUR 2.3 billion. 
  • The DFI climate finance portfolio rose by 260 per cent during the past three years to EUR 3.6 billion. 
  • Commitments to LIC and LDC increased by 5 per cent and amounted to EUR 1.2 billion, while investments in SME slightly decreased by 3 per cent to EUR 2.6 billion. 

These data points offer a first glimpse of EDFI’s new investment data collection in 2023. The annual report, including in-depth insights in the members’ activities and impact, is expected to be released in the third quarter of 2024. 

"In challenging times like these, cooperation is key. We are happy to be part of the dedicated EDFI network and proud of what we have achieved together. By joining forces, we can provide an effective response to the needs of the private sector in developing countries and offer sustainable solutions to our clients", say Sabine Gaber and Michael Wancata, Members of OeEB’s Executive Board.