Governance

Transparence governance

International Development Finance Club (IDFC) is an association of like-minded development banks. It has no distinct legal personality per se and the membership carries no legally binding obligations, other than those expressly foreseen in the IDFC Charter. Members operate within the framework of development policies of their respective countries and assist their respective governments in fulfilling their national and international commitments, and within the framework set forth by their constitutive documents.

Streamlined for success

The organizational structure of the IDFC has been kept simple and lean on purpose. In this way, we can better focus our efforts on our mission, and achieve our goals, without exhausting valuable resources.

IDFC Steering Group

Steering group

is comprised of the Chairperson and the Vice-Chairpersons. It is elected from among the Members for two-year periods and is responsible for preparation and follow-up of the Annual Meeting and any other business. It convenes at least once a year.

Secretariat

is appointed by the Chairperson and is hosted and funded by the Member whose CEO is the Chairperson. The Secretariat is responsible for communication on behalf of the Club upon request of the Steering Group. The Secretariat organizes and administers the work of the Club and coordinates the implementation of decisions made at the Annual Meeting.

Working groups

are appointed by the Annual Meeting on an ad-hoc basis to research and prepare specific topics that currently engage the Club and to develop relevant information and documentation.

Networks of professionals

are set to promote dialogue among colleagues that are sharing similar positions within development banks members of IDFC. They aim at sharing best expertise and knowledge among the IDFC members’ expert groups and develop activities of common interest.The network of Chief Economist was the first one to be set up, and intends to facilitate policy dialogue within IDFC and to enhance the visibility of the Club in the international debate on development. Further networks are currently being constituted, in areas such as Communication, Innovation, Financial management, Environmental and Social safeguards, etc.

Annual meeting

The Annual Meeting is a meeting of all Members of the Club, each represented by its CEO or designated representative. The Annual Meeting convenes on the occasion of the annual meetings of IMF and IBRD, and decides (inter alia) on:

Any modification of the Charter
The admission and exclusion of a Member
The appointment and the removal of the Chairperson and the Vice-Chairpersons
The determination of the powers and authority of the Chairpersons and the Vice-Chairpersons
The determination of the power and authority of the Steering Group
The annual work program of the Club
The execution of specific projects of the Club sponsored by the Members or any other material business or subject
The passing of declarations on subjects of mutual interest
The dissolution of the Club