Finnfund collaborates closely with other European development financiers. Especially in projects characterized by large scale and/or significant risks, it may be advisable to share risks and the burden of project preparation and monitoring. Natural partners for this are other public development financiers that also share similar objectives and business principles.
Along with fourteen other development financiers, Finnfund is a member of EDFI, the Association of European Development Finance Institutions. Within the group we share information on cofinancing opportunities, target markets and best practices.
Most of Finnfund’s investments in low-income countries involve cofinancing with other development financiers. We have collaborated extensively with the other Nordic development financiers (Swedfund, Norfund, and Danish IFU) as well as with our Dutch, British, German, Belgian, Swiss and French counterparts (FMO, CDC, DEG, BIO, Sifem and Proparco respectively).
In addition, Finnfund has participated in a sizable European Financing Partners (EFP) cofinancing scheme through which the European Investment Bank and EDFIs finance projects prepared by one of the EDFI members. Finnfund has also been a member of the Interact Climate Changes Facility ICCF which provides long-term financing for renewable energy and energy efficiency projects in poor countries suffering from energy shortages. Other members of the ICCF are Agence Française de Développement AFD, European Investment Bank, Finnfund and other ten EDFIs. Merger preparations of EFP and ICCF have been launched.
The Team Finland network promotes Finland and boosts the success of Finnish companies abroad. The Team Finland network brings together all of state-funded actors and the services they offer to promote the internationalisation of Finnish companies, to attract foreign investments to Finland, and to promote Finland’s country brand.
We offer information, tools and networks to support the international success of Finnish companies. The network-based approach intensifies the use of public resources promoting export and attracting investments to Finland, and enhances the quality of services offered to companies.
The core of the Team Finland network consists of the Ministry of Employment and the Economy, the Ministry for Foreign Affairs, the Ministry of Education and Culture, and the publicly funded organisations and service points abroad operating under their guidance (Finpro, Tekes, Finnvera, Finnfund, Finnpartnership, Finnish Industry Investment, VTT, the Centres for Economic Development, Transport and the Environment, Finland’s cultural and academic institutes, the Finnish-Russian Chamber of Commerce, the Finnish-Swedish Chamber of Commerce). Abroad, the Team Finland network is represented by over 70 local teams.
Finnfund’s mission is to promote economic and social development in its target countries through investments in the private sector. Catalyzing Finnish know-how for projects in developing countries is Finnfund’s main niche. We seek to invest in win-win-win projects that bring local and Finnish parties together while also improving the environment. Clean technologies ranging from energy efficiency and renewable energy to waste management and recycling are a sector where Finnish companies have invested heavily over the decades becoming global leaders in a number of sub-sectors
For more information about Team Finland's services, please visit the website.
- Antti Urvas, Associate Director - Manufacturing and Services