IFC, Proparco Join Efforts to Maximize Development Impact and Accelerate COVID-19 Recovery

IFC, a member of the World Bank Group, and Proparco, a subsidiary of Agence Française de Développement (AFD) devoted to private sector financing, have agreed to collaborate more closely to create markets, mobilize private sector investment, and support economic recovery in developing countries in the wake of the COVID-19 global crisis.

Seeking to address the need for increased collective action among development finance institutions, the Joint Collaboration Framework Agreement (JCFA) will help leverage the partners’ collective strengths to deliver needed development impact in some of the world’s most challenging settings.