Industrialization Fund for Developing Countries

Industrialization Fund for Developing Countries

A fund that promotes sustainable, economic growth investing in developing countries in conjunction with Danish companies. It operates under the auspices of the Danish Ministry of Development Cooperation. It was established in 1967.
References in periodicals archive ?
19, 2012 /PRNewswire/ -- To increase food security in Africa and stem the disastrous human and environmental costs of indoor cooking with charcoal, the Soros Economic Development Fund and the Industrialization Fund for Developing Countries today announced investments of nearly $9 million in CleanStar Mozambique, with the option to invest more in potential pan-African expansion.
The South African company is jointly owned by Fibertex, the Danish Industrialization Fund for Developing Countries (IFU) and the South African company Safyr, which is owned partly by local industry specialists and partly by Industrial Development Corporation (IDC)--South Africa's equivalent to the Danish State investment fund Vaekstfonden.
Hina Group , IDGVC, IMC Capital Group, the Industrialization Fund For Developing Countries, Maple Valley Investment Limited, JPMorgan Chase, Orano Investments Fund, Orchid Asia Group, PPF, Sequoia Capital China, the Government of Singapore Investment Corporation Pte Ltd, Standard Chartered Bank, UBS, Vertex Group, WI Harper Group are among the invited attendees.
The total investment for this project is U$S 7 million, which will be financed by the Industrialization Fund for Developing Countries (25%), Men's Fashion (25%) and Babylon Garments (50%).