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 ?
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.
South Asia Breweries is owned by Carlsberg (45%), the Industrialization Fund for Developing Countries (10%) and a group of investors led by Carlsberg's Sri Lanka-based partner The Lion Brewery Ceylon Ltd.
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%).