BACKGROUND

    IFU invests in financially viable companies, contributing to the green transition as well as economic and social development.

    Investments are made on commercial terms in the form of equity and loans. The purpose is to contribute to the green transition, economic and social development in the investment countries and to support the realisation of the UN Sustainable Development Goals.

    IFU has invested in 1,346 companies in more than 100 countries in Africa, Asia, Latin America and parts of Europe. The active portfolio covering all funds contains 161 project companies. Total expected investment in the active portfolio is DKK 107bn, of which IFU has contributed 11bn

    Neither aid, nor business grants
    IFU is an independent government-owned fund offering risk capital to companies in developing countries and emerging markets.

    IFU is not a provider of aid or business grants. We work on a commercial basis, because we believe that business investment is a good way to create lasting improvements.

    Furthermore, IFU is fund manager of a number of other investment funds, including the Danish SDG Investment Fund.

    Good business for developing countries
    Total investments to date amount to DKK 234bn, of which IFU has contributed more than DKK 27bn. This has helped to create and preserve close to one million jobs in the host countries, and IFU has contributed to the establishment of more than 2,600 megawatts renewable energy. In addition, IFU’s presence has resulted in transfer of knowledge and technology, the employees have received training, economic activity has been accelerated and a source of income through e.g. taxes has been created for the host countries.

    All investments must support the green transition and contribute to poverty alleviation and reduced inequality. Furthermore, IFU has a strong focus on the project companies’ corporate social responsibility to ensure, among other things, that employees are given proper working conditions and that a project company’s production is socially and environmentally sustainable.

    Invests with Danish trade and industry
    IFU has a broad investment mandate and also invests with Danish companies in developing countries. Over time, IFU has co-invested with more than 900 Danish companies. In the vast majority of cases, the project companies established in developing countries have been a success, making a positive contribution to the overall performance of the co-investing Danish company.

    The Danish companies have gained access to new markets and at the same time contributed to making a positive difference in the developing countries.

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    Facts about IFU

    Here you can read the answers to some of the frequently asked questions about IFU.

    What is IFU’s objective?
    IFU’s objective is to contribute to the green transition, economic and social development in the investment countries and support the realisation of the UN Sustainable Development Goals.

    What can IFU offer?
    IFU invests in financially viable companies in developing countries and emerging markets.

    What kind of funding can IFU provide?
    IFU makes investments on commercial terms by committing equity capital, loans or guarantees. Investments are made directly in companies in the investment countries.

    How much can IFU invest?
    IFU can invest up to DKK 350 million per project company. Generally, IFU will be a minority investor and take a 10-30 per cent stake of the total investment. In small projects, IFU can take up to 49 per cent.

    Who is eligible for investments by IFU?
    Any enterprise wishing to do business in one of the nearly 150 countries eligible for IFU investments.

    The requirements are:

    • The business operation must be deemed to be commercially viable;
    • The investment must contribute to green and social development
    • There must be a company in a developing country that IFU can invest in
    • The host country must be on the list of developing countries eligible for IFU investment. Click here to see the list.

    Can IFU provide additional financing?
    Through its close relations with international and local financial institutions, IFU may assist in procuring additional funds for a project.

    How many investments have IFU made?
    Over time, IFU has invested in 1,336 companies.

    IFU’s annual investments amount to up to DKK 2bn and involves around 20 companies.

    Where does the money come from?
    At year-end 2023, total capital under management by IFU was DKK 15.5bn. The capital has been contributed by the Danish State as well as institutional and private investors.

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    Key figures

    Key figures in 2023.

    In 2023, IFU and IFU managed funds contracted investments of DKK 1,347m in 20 companies. At the end of 2023, IFU had entered into 1,346 investment agreements in 100 developing countries. As per 31 December 2023, the active portfolio consisted of 161 project companies.

    Financial highlights, IFU:

    Income statement DKKm
    Gross contribution from projects 212
    Operating income (loss) [*] 154
    Net income for the year 146

    Balance sheet at 31 December 2023
    Share capital investment in projects at cost 4,437
    Project loans at cost 1,372
    Total investment in projects at cost 5,810
    Accumulated value adjustments (362)
    Investments in projects, net 5,448
    Cash and bonds 1,243
    Paid-in capital during the year 424
    Repaid capital 0
    Total equity capital 5,196
    Total balance 6,855

    Additional data
    New projects contracted (no.) 5
    Portfolio of projects end of year (no.) 139
    Investments contracted 357
    Undisbursed contracted investments incl. guarantees 1,747
    Binding commitments not yet contracted 206

    Key ratios
    Gross yield from projects 3.9%
    Net income for the year/Average total equity capital 3.0%
    Average number of full-time employees (all three funds) 105
    [*] Operating income = gross contribution from projects less operating expenses
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    Legal framework

    IFU is governed by the Act on International Development Cooperation.

    IFU was established by law in 1967. IFU is a self-governing institution with the objective of promoting investments that support sustainable development in developing countries and contribute to the realisation of the Sustainable Development Goals.

    IFU is not subject to the Danish Access to Public Administration Files Act, regarding its investments. Information regarding environment may under certain conditions be subject to disclosure according to the Environmental Information Act.

    IFU’s statutes are decided by IFU’s board and approved by the Minister for Development Cooperation.

    Tax policy

    Since IFU’s investment profits are reinvested in new projects in developing countries, IFU is exempted from paying corporate income tax in Denmark.

    The companies that IFU invests in must at all times comply with local tax laws and pay taxes in the country where they have their operations.

    IFU may make investments through holding companies domiciled in other countries than Denmark or the country where the project company is domiciled (so-called third countries), when it is commercially motivated and not with the principal purpose of reducing tax on payments from project companies. IFU will not use holding companies in third countries that are on the EU or OECD blacklist (i.e. the EU list of non-cooperative jurisdictions for tax purposes and the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes).

    IFU aims to be open about tax. Total reported corporate taxes from IFU’s project companies – split on continents – are published in IFU’s annual report and on IFU’s website. The website also has information on which of IFU’s investments are made through a holding company, including where the holding company is domiciled. In future, when an investment is made through a holding company in a third country, IFU will explain on its website the reason for this structure and how it complies with IFU’s policy on responsible tax.

    The Tax Dialogue
    The Tax Dialogue is a multi-stakeholder dialogue initiative set up by OXFAM IBIS to understand the challenges and opportunities regarding tax and corporate responsibility in the private sector.

    The aim of the Tax Dialogue is to discuss principles for responsible tax and how responsible tax policies can be an integral part of the business plan.

    IFU has been part of the Tax Dialogue from the beginning. We think it is important to be involved in the discussion and debate concerning some of the major challenges and risks facing international business in today’s globalised world regarding tax planning.

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    Organisation

    IFU has its head office in Copenhagen and regional offices in Asia, Africa, Latin America and Europe

    IFU is managed by a board appointed by the Minister for Development Cooperation. The day-to-day management is performed by IFU’s managing director.

    Furthermore, IFU has an extensive network of external advisers with great know-how and management experience from companies in Denmark and abroad.

    Organisation chart

    Board of directors

    Michael Rasmussen | Chairman
    Member since 2000
    CEO, Nykredit. Other board memberships: Nykredit Bank A/S (chairman), Totalkredit A/S (chairman), Finance Denmark (deputy chairman), Copenhagen Business School (deputy chairman), Sparinvest Holding SE (chairman), Sund og Bælt Holding A/S (chairman).

    Anette Eberhard | Deputy Chairman
    Member since 2021
    Managing Partner, IIP Denmark.
    Other board memberships: Alm. Brand A/S, chairman Audit Committee and membership Risk Committee

    Emilie Damm Klarskov
    Member since 2021
    Head of Analysis, The Economic Council of the Labour Movement.

    Hanna Line Jakobsen
    Member since 2021
    Director, Social & Humanitarian, Novo Nordisk Fonden.
    Other board memberships: The Social Capital Fund.

    Irene Quist Mortensen
    Member since 2021.
    Head of Sustainability, International Zone, Arla Foods.

    Jarl Krausing
    Member since 2021
    Deputy CEO and International Director, CONCITO.
    Other board memberships: Udviklingspolitisk Råd (deputy chairman), Merkur Banks Klimafond, Forum for Samfundsansvar og bæredygtighedsregulering.

    Nanna Hvidt
    Member since 2021
    Former director, Danish Institute for International Studies and Director of Evaluation,  Learning and Quality, Ministry of Foreign Affairs.
    Other board memberships: CARE Danmark.

    Thomas Bustrup
    Member since 2021
    Deputy CEO, DI – Danish Industry.
    Other board memberships: Baltic Development Forum (chairman), Business Europe US Network (chairman), Verdens Bedste Nyheder (deputy chairman), International Chamber of Commerce, Denmark, State of Green, Byggeriets Kvalitetskontrol, DIBD A/S and subsidiaries, DI-Asia Base A/S and subsidiaries.

    Karin Poulsen
    Board observer since 2022
    Ambassador, Director, Department for Green Diplomacy and Climate, Ministry of Foreign Affairs.

    Executive management

    Lars Bo Bertram | CEO
    Graduate Diploma in foreign trade (CBS) and AMP (Harvard Business School)
    Board memberships: P+ (chairman), SOS Children’s Villages

     

    Søren Peter Andreasen | Deputy CEO
    MPP (Public Policy), Harvard Kennedy School
    Board memberships: EDFI Management Company (chairman)

     

     

    Lars Krogsgaard | CIO
    MBA Finance and Operations Management, NYU Stern School of Business
    Board memberships: Samplix  ApS, DCR Solution A/S, ViroGates A/S

    Advisers

    Companies entering into dialogue with IFU can draw directly on a diverse group of IFU advisers, who have special expertise or local knowledge of the area in which project establishment is contemplated.

    IFU has approximately 25 advisers in a number of countries around the world.

    The network is extended continuously with the purpose of offering the best possible guidance when it comes to choice of partners, preparation and implementation of the projects.

    Most of the advisers are senior businessmen with considerable commercial experience. They have run their own business or have held a leading position in a local company. They have in-depth knowledge of local business culture, investment authorities, local financing institutions, accountants, lawyers, etc.

    The advisers can be contacted through IFU: Tel +45 33 63 75 00 or ifu@ifu.dk

    Employees

    • All departments
    • Array ( [ID] => 5877 [key] => field_56d438e10d15b [label] => Department [name] => department [aria-label] => [prefix] => acf [type] => select [value] => Array ( ) [menu_order] => 0 [instructions] => [required] => 1 [id] => [class] => [conditional_logic] => 0 [parent] => 5876 [wrapper] => Array ( [width] => [class] => [id] => ) [relevanssi_exclude] => 0 [choices] => Array ( [communication] => Communication [finance] => Finance [it] => Technology & Operations [hr] => People & Culture [investments] => Investments [legal] => Legal [executive-management] => Executive Management [sustainability] => Sustainability ) [default_value] => Array ( ) [return_format] => value [multiple] => 1 [allow_null] => 0 [ui] => 0 [ajax] => 0 [placeholder] => [_name] => department [_valid] => 1 )
    • Communication
    • Finance
    • Technology & Operations
    • People & Culture
    • Investments
    • Legal
    • Executive Management
    • Sustainability
    Adam Miller

    Adam Miller

    IT Project Manager +45 33 44 12 70 ifu@ifu.dk
    Albert Jonathan Nyeland

    Albert Jonathan Nyeland

    Student +45 33 44 12 82 ifu@ifu.dk
    Alexander Wisse

    Alexander Wisse

    Investment Manager +45 33 44 12 66 ifu@ifu.dk
    Aloysius Anker Horn

    Aloysius Anker Horn

    Head of Infrastructure & Support +45 33 63 75 00 ifu@ifu.dk
    Amalie Gjørtler

    Amalie Gjørtler

    Student +45 33 44 12 86 ifu@ifu.dk
    Anastasiia Erichsen

    Anastasiia Erichsen

    KYC Specialist +45 33 44 12 24 ifu@ifu.dk
    Anders Frigaard

    Anders Frigaard

    Investment Director +45 33 63 75 78 ifu@ifu.dk
    Anders Paludan-Müller

    Anders Paludan-Müller

    Investment Director +45 33 63 75 22 ifu@ifu.dk
    Andrii Frytsiuk

    Andrii Frytsiuk

    Investment Manager +45 33 44 12 90 ifu@ifu.dk
    Anne Kathrine Oxenvad

    Anne Kathrine Oxenvad

    Investment Director +45 33 63 75 42 ifu@ifu.dk
    Annelise Boysen

    Annelise Boysen

    Investment Director, Danida Sustainable Infrastructure Finance +45 33 44 12 34 ifu@ifu.dk
    Annemette Ditlevsen

    Annemette Ditlevsen

    Investment Director, Danida Sustainable Infrastructure Finance +45 33 41 12 41 ifu@ifu.dk
    Barbara Viyera Marcussen

    Barbara Viyera Marcussen

    Investment Director +45 33 44 12 33 ifu@ifu.dk
    Bente Schiller

    Bente Schiller

    Investment Director +45 33 44 12 26 ifu@ifu.dk
    Bernardo Embry

    Bernardo Embry

    Senior Legal Counsel +45 33 44 12 63 ifu@ifu.dk
    Birgitte Bang Nielsen

    Birgitte Bang Nielsen

    Sustainability Director +45 33 63 75 26 ifu@ifu.dk
    Birgitte Waage

    Birgitte Waage

    Senior Project Manager, Communication +45 33 63 75 51 ifu@ifu.dk
    Carsten Møllekilde

    Carsten Møllekilde

    Senior Vice President, Legal +45 33 63 75 09 ifu@ifu.dk
    Cecilie Vand Pedersen

    Cecilie Vand Pedersen

    Junior Analyst +45 33 44 12 08 ifu@ifu.dk
    Christoffer Høyrup

    Christoffer Høyrup

    Head of Operations +45 33 63 75 89 ifu@ifu.dk
    Christoffer Ipsen

    Christoffer Ipsen

    Senior Risk Analyst +45 33 44 12 74 ifu@ifu.dk
    Clement Krøll Lessel

    Clement Krøll Lessel

    Senior Applications Manager +45 33 44 12 62 ifu@ifu.dk
    Cora Skudal

    Cora Skudal

    Junior Analyst +45 33 44 12 76 ifu@ifu.dk
    Dinesh Kumar Verma

    Dinesh Kumar Verma

    Senior IT Service Manager, Regional +45 33 63 75 32 ifu@ifu.dk
    Ditte Rude Moncur

    Ditte Rude Moncur

    Senior Vice President, Technology and Operations +45 33 63 75 37 ifu@ifu.dk
    Dorthe Mørkeberg Press

    Dorthe Mørkeberg Press

    Head of Facility Management +45 33 63 75 55 ifu@ifu.dk
    Elsebeth Haslund Rasmussen

    Elsebeth Haslund Rasmussen

    Investment Support +45 33 63 75 05 ifu@ifu.dk
    Emil Sierczynski

    Emil Sierczynski

    Investment Director +45 33 44 12 21 ifu@ifu.dk
    Frederik Storm

    Frederik Storm

    Investment Manager +45 33 63 75 45 ifu@ifu.dk
    Hanka Haugland

    Hanka Haugland

    Accountant, Investments +45 33 63 75 16 ifu@ifu.dk
    Hege Veiby Mortensen

    Hege Veiby Mortensen

    HR Business Partner +45 33 63 75 96 ifu@ifu.dk
    Helle Planeta

    Helle Planeta

    Senior Accountant, Investments +45 33 63 75 87 ifu@ifu.dk
    Henrik Henriksen

    Henrik Henriksen

    Investment Director +45 33 63 75 79 ifu@ifu.dk
    Ida Hammerberg

    Ida Hammerberg

    Investment Manager +45 33 44 12 69 ifu@ifu.dk
    Ina Hoxha

    Ina Hoxha

    Investment Director +45 33 63 75 98 ifu@ifu.dk
    Jacob Klingemann

    Jacob Klingemann

    Investment Director, Danida Sustainable Infrastructure Finance +45 33 63 75 28 ifu@ifu.dk
    Jana Baisch

    Jana Baisch

    HR Business Partner +45 33 63 75 19 ifu@ifu.dk
    Jesper Gredeli Jensen

    Jesper Gredeli Jensen

    Knowledge Manager +45 33 63 75 06 ifu@ifu.dk
    Jesper Kaspersen

    Jesper Kaspersen

    Senior Investment Manager +45 33 44 12 45 ifu@ifu.dk
    Jesper Tønder

    Jesper Tønder

    Senior Investment Manager +45 33 63 75 52 ifu@ifu.dk
    Johannes Obel

    Johannes Obel

    Junior Analyst +45 33 44 12 80 ifu@ifu.dk
    Jonas Armtoft

    Jonas Armtoft

    Investment Director +45 33 63 75 85 ifu@ifu.dk
    Jonas Lau Kristensen

    Jonas Lau Kristensen

    Investment Director +45 33 63 75 81 ifu@ifu.dk
    Jonathan Kingwill

    Jonathan Kingwill

    Sustainability Director +45 33 44 12 18 ifu@ifu.dk
    Josephine Annin

    Josephine Annin

    Analyst +45 33 44 12 14 ifu@ifu.dk
    Joshua Hansen

    Joshua Hansen

    Student +45 33 44 12 81 ifu@ifu.dk
    Karoline Toft Lund

    Karoline Toft Lund

    Legal Counsel +45 33 44 12 95 ifu@ifu.dk
    Kevin Sølvhøj

    Kevin Sølvhøj

    IT Services Manager +45 33 63 75 00 ifu@ifu.dk
    Klaus Nissen

    Klaus Nissen

    Strategic Data & Insight Manager +45 33 44 12 61 ifu@ifu.dk
    Klaus Prebensen

    Klaus Prebensen

    Investment Director +45 33 63 75 03 ifu@ifu.dk
    Koushik Rajagopalan

    Koushik Rajagopalan

    Investment Director +45 33 63 75 43 ifu@ifu.dk
    Landry Ahouansou

    Landry Ahouansou

    Investment Director +45 33 63 75 69 ifu@ifu.dk
    Laura Serano Folguera

    Laura Serano Folguera

    Junior Analyst +45 33 44 12 77 ifu@ifu.dk
    Lauritz Stræde Hansen

    Lauritz Stræde Hansen

    Senior Investment Manager +45 33 63 75 88 ifu@ifu.dk
    Lene Mollerup

    Lene Mollerup

    Investment Director, Danida Sustainable Infrastructure Finance +45 33 44 12 32 ifu@ifu.dk
    Linda Grace Afranie

    Linda Grace Afranie

    Paralegal +45 33 44 12 94 ifu@ifu.dk
    Linda Høibye

    Linda Høibye

    Climate Change Director +45 33 44 12 87 ifu@ifu.dk
    Linda Næsby Andersen

    Linda Næsby Andersen

    Coordinator +45 33 63 75 74 ifu@ifu.dk
    Lis Marianne Bluhme

    Lis Marianne Bluhme

    Investment Support +45 33 63 75 21 ifu@ifu.dk
    Lisbeth Erlands

    Lisbeth Erlands

    Senior Vice President, Head of Healthcare and Eastern Europe +45 33 63 75 27 ifu@ifu.dk
    Louise Rønnau Pors

    Louise Rønnau Pors

    Student +45 33 44 12 64 ifu@ifu.dk
    Lucia Grima Wencelblat

    Lucia Grima Wencelblat

    Senior Legal Counsel +45 33 63 75 13 ifu@ifu.dk
    Magdalena France

    Magdalena France

    KYC Specialist +45 33 44 12 93 ifu@ifu.dk
    Magnus Cedergren

    Magnus Cedergren

    Head of Guarantee Facility +45 33 63 75 02 ifu@ifu.dk
    Magnus Nilsson

    Magnus Nilsson

    Investment Manager +45 33 44 12 12 ifu@ifu.dk
    Margherita Carassiti

    Margherita Carassiti

    Student +45 33 44 12 98 ifu@ifu.dk
    Maria Paulina Mogollon

    Maria Paulina Mogollon

    Head of IFU Impact Ventures +4533441283 ifu@ifu.dk
    Martin Kjærbo Nielsen

    Martin Kjærbo Nielsen

    Head of Applications & Data Lab +45 33 44 12 10 ifu@ifu.dk
    Mathias Dam Hansen

    Mathias Dam Hansen

    Junior Analyst +45 33 44 12 57 ifu@ifu.dk
    Mette Kuhlmann

    Mette Kuhlmann

    Accountant +45 33 63 75 49 ifu@ifu.dk
    Mikael Tendo Koefoed Bjørnsen

    Mikael Tendo Koefoed Bjørnsen

    Investment Manager +45 33 44 12 52 ifu@ifu.dk
    Mikkel Kallesøe

    Mikkel Kallesøe

    Senior Vice President, Sustainability and Impact +45 33 63 75 50 ifu@ifu.dk
    Milinda Wasalathanthri

    Milinda Wasalathanthri

    Investment Director +45 33 63 75 44 ifu@ifu.dk
    Morten Buur Madsen

    Morten Buur Madsen

    Director, Strategic Projects and Operations +45 33 44 12 49 ifu@ifu.dk
    Morten Elkjær

    Morten Elkjær

    Senior Vice President, Head of Financial Services +45 33 44 12 36 ifu@ifu.dk
    Muktar Mahdi

    Muktar Mahdi

    Investment Manager +45 33 44 12 54 ifu@ifu.dk
    Nana Yaw Kwakye

    Nana Yaw Kwakye

    Investment Director +233 (0) 302 253 473/74 ifu@ifu.dk
    Natalia Svejgaard

    Natalia Svejgaard

    Investment Director +45 33 63 75 31 ifu@ifu.dk
    Natalya Kim

    Natalya Kim

    Senior Legal Counsel +45 33 63 75 82 ifu@ifu.dk
    Niclas Olsen

    Niclas Olsen

    Chief Accountant +45 33 63 75 11 ifu@ifu.dk
    Nicolai Boserup

    Nicolai Boserup

    General Counsel, Senior Vice President, Strategy & Policy +45 33 63 75 58 ifu@ifu.dk
    Nicolai Dahl

    Nicolai Dahl

    Investment Analyst +45 33 44 12 58 ifu@ifu.dk
    Nicoline Emilie Storm

    Nicoline Emilie Storm

    Investment Manager +45 33 44 12 79 ifu@ifu.dk
    Nicoline Reventlow-Mourier

    Nicoline Reventlow-Mourier

    Student +45 33 44 12 20 ifu@ifu.dk
    Niels Gravgaard Laursen

    Niels Gravgaard Laursen

    CFO +45 33 63 75 80 ifu@ifu.dk
    Nina Christensen Borch

    Nina Christensen Borch

    Senior Business Process Specialist +45 33 63 75 14 ifu@ifu.dk
    Nitish Chawla

    Nitish Chawla

    Investment Director +45 33 63 75 30 ifu@ifu.dk
    Njeri Mungai Ngaruiya

    Njeri Mungai Ngaruiya

    Investment Director +45 33 63 75 91 ifu@ifu.dk
    Olexiy Parkhomchuk

    Olexiy Parkhomchuk

    Investment Director, Rep. Ukraine +45 33 63 75 97 ifu@ifu.dk
    Oliver Højen Pedersen

    Oliver Højen Pedersen

    Junior Analyst +45 33 44 12 78 ifu@ifu.dk
    Oliver Stanek Villsen

    Oliver Stanek Villsen

    Senior Investment Manager +45 33 44 12 46 ifu@ifu.dk
    Otto Vinther Christensen

    Otto Vinther Christensen

    Senior Vice President, Head of Sustainable Food Systems +45 33 63 75 04 ifu@ifu.dk
    Peder Linnebjerg

    Peder Linnebjerg

    Treasury & Risk Manager +45 33 44 12 71 ifu@ifu.dk
    Peter Bech Vizard

    Peter Bech Vizard

    Junior Analyst +45 33 44 12 50 ifu@ifu.dk
    Peter Hardgrove

    Peter Hardgrove

    Senior Investment Manager +45 33 44 12 23 ifu@ifu.dk
    Pia Sørensen

    Pia Sørensen

    Accountant, Creditors and Administration +45 33 63 75 41 ifu@ifu.dk
    Rachna Sharma

    Rachna Sharma

    Head of Valuation and Reporting +45 33 44 12 19 ifu@ifu.dk
    Rahul Dubey

    Rahul Dubey

    Investment Director +45 33 63 75 67 ifu@ifu.dk
    Rasa Virketyte

    Rasa Virketyte

    Financial Controller +45 33 63 75 76 ifu@ifu.dk
    Rasmus Bach Andersen

    Rasmus Bach Andersen

    Accountant, Payroll +45 33 44 12 97 ifu@ifu.dk
    Rasmus Bak Wiinblad

    Rasmus Bak Wiinblad

    Student +45 33 44 12 83 ifu@ifu.dk
    Reik Haahr Müller

    Reik Haahr Müller

    Senior Vice President, Head of Green Energy & Infrastructure +45 33 44 12 17 ifu@ifu.dk
    Rena Chen

    Rena Chen

    Investment Director +45 33 63 75 12 ifu@ifu.dk
    Rikke Carlsen

    Rikke Carlsen

    Sustainability Director +45 33 44 12 15 ifu@ifu.dk
    Rita Anne Roca

    Rita Anne Roca

    Business Integrity Director +45 33 44 12 67 ifu@ifu.dk
    Rodrigo Labarca

    Rodrigo Labarca

    Coordinator +45 33 63 75 74 ifu@ifu.dk
    Rohit Goyal

    Rohit Goyal

    Vice President, Financial Services +45 33 63 75 68 ifu@ifu.dk
    Rukmini Mukherjee

    Rukmini Mukherjee

    Legal Counsel +45 33 63 75 17 ifu@ifu.dk
    Rune Nørgaard

    Rune Nørgaard

    Communication Director +45 33 63 75 60 ifu@ifu.dk
    Samuel Githinji Wathondu

    Samuel Githinji Wathondu

    Investment Director +45 33 63 75 08 ifu@ifu.dk
    Sanjay Chatterji

    Sanjay Chatterji

    Senior Applications Manager +45 33 63 75 36 ifu@ifu.dk
    Søren Peter Andreasen

    Søren Peter Andreasen

    Deputy CEO +45 33 63 75 90 ifu@ifu.dk
    Sunita Bisht

    Sunita Bisht

    Office Administrator +45 33 63 75 94 ifu@ifu.dk
    Susanne M. Nielsen

    Susanne M. Nielsen

    Senior Vice President, People & Culture +45 33 63 75 70 ifu@ifu.dk
    Tania Larsen

    Tania Larsen

    Information Assistant +45 33 63 75 39 ifu@ifu.dk
    Theo Ib Larsen

    Theo Ib Larsen

    Vice President, Impact Partnerships +45 33 44 12 37 ifu@ifu.dk
    Thomas Hougaard

    Thomas Hougaard

    Senior Vice President, Head of Green Energy & Infrastructure +45 33 63 75 46 ifu@ifu.dk
    Thomas Potthoff

    Thomas Potthoff

    Student +45 33 44 12 75 ifu@ifu.dk
    Thor Lauridsen Stæhr

    Thor Lauridsen Stæhr

    Student +45 33 44 12 48 ifu@ifu.dk
    Tina Kollerup Hansen

    Tina Kollerup Hansen

    Senior Vice President, Danida Sustainable Infrastructure Finance +45 33 44 12 35 ifu@ifu.dk
    Vibhor Singhal

    Vibhor Singhal

    Investment Manager +45 33 63 75 23 ifu@ifu.dk
    Victoria Mendoza

    Victoria Mendoza

    Senior Monitoring & Evaluation Manager +45 33 44 12 09 ifu@ifu.dk
    Vikas Yadav

    Vikas Yadav

    Senior Data Manager IT +45 33 63 75 38 ifu@ifu.dk
    William Engel Møller

    William Engel Møller

    Senior Financial Analyst +45 33 63 75 84 ifu@ifu.dk
    Youssef Shelbaya

    Youssef Shelbaya

    Investment Manager +45 33 44 12 68 ifu@ifu.dk
    Show moreShow less

    Publications

    • All publications
    • Annual reports
    • Brochures
    • Reports
    • Handbooks
    IØ annual report 2023

    IØ annual report 2023

    30.05.2024 pdf
    IFU Annual Report 2023

    IFU Annual Report 2023

    13.05.2024 pdf
    Project Portfolio 2022

    Project Portfolio 2022

    12.01.2024 pdf
    IØ ANNUAL REPORT 2022

    IØ ANNUAL REPORT 2022

    11.10.2023 pdf
    DISCLOSURE STATEMENT 2023 – OPERATING PRINCIPLES FOR IMPACT MANAGEMENT

    DISCLOSURE STATEMENT 2023 – OPERATING PRINCIPLES FOR IMPACT MANAGEMENT

    17.07.2023 pdf
    SDG Impact Report 2022

    SDG Impact Report 2022

    17.07.2023 pdf
    IFU ANNUAL REPORT 2022

    IFU ANNUAL REPORT 2022

    09.05.2023 pdf
    PROJECT PORTFOLIO 2021

    PROJECT PORTFOLIO 2021

    16.11.2022 pdf
    Fact sheet

    Fact sheet

    09.10.2022 pdf
    DISCLOSURE STATEMENT 2022 – OPERATING PRINCIPLES FOR IMPACT MANAGEMENT

    DISCLOSURE STATEMENT 2022 – OPERATING PRINCIPLES FOR IMPACT MANAGEMENT

    20.09.2022 pdf
    IØ ANNUAL REPORT 2021

    IØ ANNUAL REPORT 2021

    01.08.2022 pdf
    DANISH SDG INVESTMENT FUND IMPACT REPORT 2021

    DANISH SDG INVESTMENT FUND IMPACT REPORT 2021

    29.06.2022 pdf
    IFU ANNUAL REPORT 2021

    IFU ANNUAL REPORT 2021

    10.05.2022 pdf
    PROJECT PORTFOLIO 2020

    PROJECT PORTFOLIO 2020

    16.11.2021 pdf
    COVID-19’S GENDERED IMPACTS ON THE PRIVATE SECTOR

    COVID-19’S GENDERED IMPACTS ON THE PRIVATE SECTOR

    18.06.2021 pdf
    IFU SUSTAINABILITY AND IMPACT REPORT 2020

    IFU SUSTAINABILITY AND IMPACT REPORT 2020

    11.05.2021 pdf
    IØ ANNUAL REPORT 2020

    IØ ANNUAL REPORT 2020

    06.05.2021 pdf
    DISCLOSURE STATEMENT 2021 – OPERATING PRINCIPLES FOR IMPACT MANAGEMENT

    DISCLOSURE STATEMENT 2021 – OPERATING PRINCIPLES FOR IMPACT MANAGEMENT

    03.05.2021 pdf
    IFU annual report 2020

    IFU annual report 2020

    19.04.2021 pdf
    Project portfolio 2019

    Project portfolio 2019

    11.12.2020 pdf
    The Gender Equality Scorecard – becoming an employer of choice

    The Gender Equality Scorecard – becoming an employer of choice

    06.11.2020 pdf
    Gender equality and health – decisions and practices in the workplace

    Gender equality and health – decisions and practices in the workplace

    20.10.2020 pdf
    DISCLOSURE STATEMENT 2020 – OPERATING PRINCIPLES FOR IMPACT MANAGEMENT

    DISCLOSURE STATEMENT 2020 – OPERATING PRINCIPLES FOR IMPACT MANAGEMENT

    10.07.2020 pdf
    Sustainability and Impact Report 2019

    Sustainability and Impact Report 2019

    26.06.2020 pdf
    IFU Annual Report 2019

    IFU Annual Report 2019

    20.05.2020 pdf
    IØ annual report 2019

    IØ annual report 2019

    15.04.2020 pdf
    Good anti-corruption practices

    Good anti-corruption practices

    03.03.2020 pdf
    Project portfolio 2018

    Project portfolio 2018

    25.02.2020 pdf
    Sustainable investments – a handbook for our project companies

    Sustainable investments – a handbook for our project companies

    20.09.2019 pdf
    Communication on Engagement 2018

    Communication on Engagement 2018

    23.05.2019 pdf
    IØ Annual Report 2018

    IØ Annual Report 2018

    03.05.2019 pdf
    IFU Operating Report 2018

    IFU Operating Report 2018

    25.04.2019 pdf
    IFU Annual Report 2018

    IFU Annual Report 2018

    25.04.2019 pdf
    IFU’s best practice on setting up business in developing countries

    IFU’s best practice on setting up business in developing countries

    03.12.2018 pdf
    IFU Project Portfolio 2017

    IFU Project Portfolio 2017

    26.09.2018 pdf
    IØ annual report 2017

    IØ annual report 2017

    20.08.2018 pdf
    IØ annual report 2017

    IØ annual report 2017

    20.08.2018 pdf
    LIF Annual Report 2017

    LIF Annual Report 2017

    20.08.2018 pdf
    UFA Annual Report 2017

    UFA Annual Report 2017

    20.08.2018 pdf
    KIF Annual Report 2017

    KIF Annual Report 2017

    20.08.2018 pdf
    AIF Annual Report 2017

    AIF Annual Report 2017

    20.08.2018 pdf
    IFU Operating Report 2017

    IFU Operating Report 2017

    04.05.2018 pdf
    IFU Annual Report 2017

    IFU Annual Report 2017

    02.05.2018 pdf
    Communication en Engagement 2017

    Communication en Engagement 2017

    26.04.2018 pdf
    IFU in Latin America

    IFU in Latin America

    22.01.2018 pdf
    Communication on Engagement 2016

    Communication on Engagement 2016

    13.10.2017 pdf
    IFU’s best practice on business plans

    IFU’s best practice on business plans

    05.10.2017 pdf
    IFU project portfolio 2016

    IFU project portfolio 2016

    17.07.2017 pdf
    IFU Operating Report 2016

    IFU Operating Report 2016

    12.06.2017 pdf
    IFU Annual Report 2016

    IFU Annual Report 2016

    12.06.2017 pdf
    IØ Annual Report 2016

    IØ Annual Report 2016

    12.06.2017 jpg
    AIF Annual Report 2016

    AIF Annual Report 2016

    12.06.2017 pdf
    KIF Annual Report 2016

    KIF Annual Report 2016

    12.06.2017 jpg
    LIF Annual Report 2016

    LIF Annual Report 2016

    12.06.2017 jpg
    UFA Annual Report 2016

    UFA Annual Report 2016

    12.06.2017 jpg
    Why & how companies decide to invest in the health of their employees and gender equality

    Why & how companies decide to invest in the health of their employees and gender equality

    18.05.2017 pdf
    How to integrate employee health & gender equality in your business operations

    How to integrate employee health & gender equality in your business operations

    18.05.2017 pdf
    IFU fact sheet (Chinese)

    IFU fact sheet (Chinese)

    17.05.2017 pdf
    IFU’s handbook on board work and corporate governance

    IFU’s handbook on board work and corporate governance

    26.01.2017 pdf
    Communication on Engagement 2015

    Communication on Engagement 2015

    20.05.2016 pdf
    Operating Report 2015

    Operating Report 2015

    19.05.2016 pdf
    IFU project portfolio 2015

    IFU project portfolio 2015

    13.05.2016 pdf
    IFU Annual Report 2015

    IFU Annual Report 2015

    13.05.2016 pdf
    AIF Annual Report 2015

    AIF Annual Report 2015

    13.05.2016 pdf
    KIF Annual Report 2015

    KIF Annual Report 2015

    13.05.2016 pdf
    IØ Annual Report 2015

    IØ Annual Report 2015

    13.05.2016 pdf
    Grants from the neighbourhood energy facility (NEF) – managed by IFU

    Grants from the neighbourhood energy facility (NEF) – managed by IFU

    18.06.2015 pdf
    KIF Annual Report 2014

    KIF Annual Report 2014

    19.05.2015 pdf
    AIF Annual Report 2014

    AIF Annual Report 2014

    19.05.2015 pdf
    Communication on Engagement 2014

    Communication on Engagement 2014

    13.05.2015 pdf
    IFU project portfolio 2014

    IFU project portfolio 2014

    11.05.2015 pdf
    IFU Annual Report 2014

    IFU Annual Report 2014

    06.05.2015 pdf
    IØ Annual Report 2014

    IØ Annual Report 2014

    01.05.2015 pdf
    IFU – agribusiness investments in China

    IFU – agribusiness investments in China

    21.10.2014 pdf
    KIF – climate investments in China

    KIF – climate investments in China

    21.10.2014 pdf
    Communication on Progress 2013

    Communication on Progress 2013

    28.04.2014 pdf
    IFU project portfolio 2013

    IFU project portfolio 2013

    25.04.2014 pdf
    KIF Annual Report 2013

    KIF Annual Report 2013

    22.04.2014 pdf
    AIF Annual Report 2013

    AIF Annual Report 2013

    22.04.2014 pdf
    IØ Annual Report 2013

    IØ Annual Report 2013

    22.04.2014 pdf
    IFU Annual Report 2013

    IFU Annual Report 2013

    11.04.2014 pdf
    Financial handbook

    Financial handbook

    21.01.2014 pdf
    Communication on Progress 2012

    Communication on Progress 2012

    14.05.2013 pdf
    IFU Annual Report 2012

    IFU Annual Report 2012

    07.05.2013 pdf
    IØ Annual Report 2012

    IØ Annual Report 2012

    01.05.2013 pdf
    AIF – investments in North Africa and the Middle East

    AIF – investments in North Africa and the Middle East

    15.05.2012 pdf
    IØ Annual Report 2011

    IØ Annual Report 2011

    01.05.2012 pdf
    Communication on Progress 2011

    Communication on Progress 2011

    24.04.2012 pdf
    IFU Annual Report 2011

    IFU Annual Report 2011

    24.04.2012 pdf
    IFU Annual Report 2010

    IFU Annual Report 2010

    16.05.2011 pdf
    Communication on Progress 2010

    Communication on Progress 2010

    11.05.2011 pdf
    IØ Annual Report 2010

    IØ Annual Report 2010

    01.05.2011 pdf
    IFU Annual Report 2009

    IFU Annual Report 2009

    03.05.2010 pdf
    IØ Annual Report 2009

    IØ Annual Report 2009

    01.05.2010 pdf
    IØ Annual Summary 2008

    IØ Annual Summary 2008

    01.05.2009 pdf
    IØ Annual Report 2008

    IØ Annual Report 2008

    01.05.2009 pdf
    IFU Annual Summary 2008

    IFU Annual Summary 2008

    30.04.2009 pdf
    IFU Annual Report 2008

    IFU Annual Report 2008

    30.04.2009 pdf
    Local currency funding

    Local currency funding

    11.02.2009 pdf
    IØ Annual Report 2007

    IØ Annual Report 2007

    01.05.2008 pdf
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    Contact

    Where to find us

    IFU – Investment Fund for Developing Countries
    Fredericiagade 27
    DK-1310 Copenhagen K
    Tel +45 33 63 75 00
    ifu@ifu.dk

    Opening hours:
    Monday – Thursday: 08:30-16:00
    Friday: 08:30-15:30

    Transport:

    Nearest metro station: Marmorkirken (2 minutes walk from Fredericiagade).

    Nearest train station: Østerport (approx. 15 minutes walk from Fredericiagade).

    IFU’s guests who travel by car or bicycle are welcome to park in the yard (entrance at no. 29).

    Plan your journey (rejseplan)