Europe’s multilateral and bilateral development finance institutions (DFIs) and development banks are increasingly important actors in the international development finance landscape. Their deep sectoral expertise, geographic coverage, and technical staff translate into significant contributions to development impact. However, rapid expansion of European DFIs with overlapping mandates has resulted in calls for reform of the existing architecture. Various proposals have been put forward for streamlining the complex web of European financial institutions for development to pave the way towards a more effective and rational system focused on sustainable development impact, and the creation of a more coherent financial architecture to deliver EU development priorities, put an end to duplication and increase the EU’s visibility abroad.
CGD’s work focuses on analyzing and solving the problems of fragmentation and duplication amongst the European development finance institutions and putting forward proposals for a more coherent and impactful European system of development finance, in which the EU plays a much stronger role in steering policy and in coordination.
Explore all of our work on European Development Finance Architecture here.