IFU CHANGES ITS NAME
On 1 January, IFU changed name from the Industrialisation Fund for Developing Countries to the Investment Fund for Developing Countries as part of the modernisation of IFU. The abbreviation IFU will still be used.
In the past years, IFU has been through a modernisation process, and as of 1 January 2013 it changed its name to the Investment Fund for Developing Countries. The abbreviation IFU will be maintained.
By changing name, the fund’s official name is more in line with its actual line of business, where IFU invests in a wide range of sectors covering both traditional industrial companies as well as service, finance, environment and climate companies.
The name change also underlines the fact that IFU offers investments on commercial terms in the form of equity, loans and guarantees.
Increasingly, IFU acts as fund manager for funds with focus on developing countries and emerging markets. IFU is currently the fund manager of the Climate Investment Fund, the Arab Investment Fund, IFU Investment Partners and the Investment Fund for Central and Eastern Europe.
For further information, please contact Rune Nørgaard, Head of Communication, tel +45 33 63 75 00.