Bancomext is Mexico’s Development Bank, acting as the Export Credit Agency of the Mexican government and responsible for financing foreign trade.

Bancomext was founded in June 1937. Over the time, Bancomext has adapted its strategy to current global conditions, redefining some strategic lines without neglecting its core business. The current mission of Bancomext is to support trade by contributing to the development and job creation in Mexico, as well as by financing long-term investments and the country’s foreign trade.

Bancomext plays a strategic role for the Mexican government in achieving its economic objectives, specifically in financing foreign trade activities and sector development. The bank’s main goal is to finance the export-import activities of public and private Mexican companies. Small and medium-sized enterprises are supported through the commercial banks network with specific products. Bancomext provides direct and indirect financing, guarantee schemes to the export community and to financial intermediaries. Bancomext is particularly focused on developing the first stage of large investment projects with the participation of other financial agents.

Bancomext operates by conceding loans and guarantees, directly or through commercial banks or non-banking financial intermediaries, with the goal of assisting Mexican firms in increasing their productivity and competitiveness.

At a glance

  • Director General: Francisco N. González Díaz
  • Sherpa: Yolanda Patricia Taracena Sanz
  • Location: Mexico City
  • Website:

Banco de Inversión y Comercio Exterior S.A. (BICE) is the Argentinian Development Bank of Investment and Foreign Trade. BICE was created in 1991 and the Argentinian State is its sole shareholder. The ownership rights are executed by the Ministry of Production.

The mission of BICE is to carry out active and passive operations and to render services of a second floor commercial bank, as well as complementary services and activities. BICE was set up as a second-floor bank, but in 2003 it was allowed to provide direct financial assistance to companies which focus on the productive investment, infrastructure and foreign trade.

In second-floor facilities BICE sets the financial conditions and the characteristics of the different lines (objectives, terms, possible repayment schemes, etc.) and agrees with financial institutions and leasing companies on the channelling mechanisms and signature of contracts/agreements.

BICE is authorized to finance goods and services companies and the public sector. It offers credit lines for investment and foreign trade and it finances those infrastructure works that allow an improvement to the Argentine companies’ productivity.

Since 2015, on request of the government, it has focused on supporting small and medium-sized enterprises (SMEs), i.a. through improvements in pricing and available maturities and by providing adequate reach out to underserved segments of the SME and mid-cap segment in order to build a sustainable financial system for SMEs and mid-caps.

At a glance

  • President: Mr Francisco Cabrera
  • Sherpa: Mr Ricardo Bebczuk
  • Location: Buenos Aires
  • Website:

The Brazilian Development Bank, known as Banco Nacional de Desenvolvimento Econômico e Social (BNDES) is a federal public company associated with the Ministério da Economia (ME), a cabinet-level federal ministry in Brazil.

BNDES is one of the largest development banks in the world and its goal is to provide long-term financing for endeavours that contribute to the country's development.


At a glance

Founded in Paris in 2014, the Long-Term Infrastructure Investors Association (LTIIA) is an international not-for-profit association. The LTIIA develops and promotes a business conduct code in the infrastructure industry, protecting the long-term interest of the infrastructure industry in its fields of intervention, as well as promoting research and analysis of infrastructure investment throughout the political world, research institutions, universities, and professional associations.


At a glance

State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” was established in 2007 through a transformation of Bank for Foreign Economic Affairs of the USSR.

Vnesheconombank operates in conformity with Federal Law dated May 17, 2007 “On Bank for Development”. The Memorandum on Financial Policies approved by Resolution of the Government of the Russian Federation dated July 27, 2007 sets forth major business lines and indicators of the Bank’s performance. The Supervisory Board headed by Chairman of the Russian Government is Vnesheconombank’s supreme governing body.

VEB is one of the key instruments for implementing the state economic policy aimed at removing infrastructure restrictions that impede economic growth, enhancing efficient utilization of natural resources, developing high-tech industries, unleashing innovative and industrial potential of small-and medium-sized enterprises and ensuring support for exports of industrial goods and services.

In its investment activities, VEB gives priority to the following industries : aircraft industry and space and missile complex ; shipbuilding ; electronics ; nuclear industry, inclusive of nuclear power ; transport, special-purpose and power engineering industry ; metallurgy (special steel production) ; wood-working industry ; military-industrial complex ; agro-industrial complex ; strategic computer technologies and software ; information and communication systems ; medical equipment and pharmaceuticals.

In line with the Memorandum on Financial Policies, VEB delivers investment projects aimed at : removing infrastructure impediments to economic growth ; fostering innovations ; enhancing the efficiency of natural resources utilization ; protecting the environment ; increasing energy efficiency ; developing SMEs ; supporting exports of agricultural and industrial production and services.

VEB participates in implementing projects that are of priority importance for the development of Russia’s economy, but which, for a number of reasons (huge volumes of investment resources required, complexity, long payback periods) experience resource shortage. VEB delivers support for projects both through directly extended loans and credits, including project co-financing with other financial institutions, and by issuing guarantees and sureties. VEB gives preference to PPP-based projects.

VEB implements programs designed to support SMEs through its 100% subsidiary – OJSC “Russian Development Bank”, while the task of issuing state guarantees of the Russian Federation to secure exports support comes within the competences of the Bank’s other 100% subsidiary – CJSC “Roseximbank”.

Since 2003, in accordance with the decision of the Government of the Russian Federation, VEB has been dedicated to performing the function of the State Trust Management Company (STMC) to manage pension savings funds of the citizens. Presently, about RUB 710 billion worth of funds of the insured citizens of the Russian Federation are under VEB’s management.

Since October 2008, acting in accordance with the Federal Law’ On Additional Measures to Support the Financial System of the Russian Federation’ and the decisions of the Russian Government, VEB is entrusted with new meaningful tasks that include refinancing foreign debts of Russian corporates and banks ; extending subordinated loans to banks ; effective investment of the National Wealth Fund’s money.

The Bank is noted for an impeccable financial reputation. The long-term credit ratings assigned to it by the world leading rating agencies (Standard & Poor’s, Fitch Ratings, Moody’s) are at par with the sovereign rating of the Russian Federation.

At a glance

  • CEO : Sergey Gorkov
  • Sherpa : Sergey Vasiliev
  • Location : Moscow
  • Website :

TSKB provides support for the sustainable development of our country, having offered corporate loans, project financing, investment banking and consultancy services since the 1950s.

From the day it was established, TSKB has been bringing together global funds with the investments of the Turkish business world, within the scope of the long running business partnerships it has developed with supranational finance corporations. TSKB, which offers private consultancy solutions for the financial, technical and environmental sustainability of investments together with the long-term loans it provides, also creates value for the development and growth of the Turkish economy with its quality investment banking services. TSKB integrates the economic, social and environmental dimensions of its globally accepted sustainability practices in all of its banking processes, and provides support for the transition of the business world to a low carbon and more efficient production level.

TSKB, which has been deemed worthy of the Financial Times and IFC ‘Sustainable Banking of the Year’ award three times in a row, has been awarded at the Corporate Management Summit thanks to the just, transparent and accountable corporate management it has shown since 2011. TSKB, which is the first Turkish bank to obtain an ISO 14001 Environmental Management System certificate, published the first GRIA+ approved sustainability report in the finance sector in 2013. TSKB also maintains its characteristic of being the first “carbon neutral bank” in Turkey, by offsetting its carbon footprint, since 2008. TSKB joined the ranks of corporations sensitive to the environment and sustainable development issues by becoming a member of the United Nations Environment Programme Finance Initiative (UNEP FI). TSKB has become member to United Nations Global Compact in June 2010 and Long Term Investor’s Club in October 2010. TSKB, which has its head office in Istanbul, also has branches in Ankara and Izmir.

At a glance

  • CEO : Suat İnce
  • Sherpa : Refik Akinci
  • Location : Istanbul
  • Website :

Suat İnce

OMERS, established in 1962 as the pension plan for employees of local governments in Ontario is one of Canada’s leading pension funds.

As one of the largest institutional investors in Canada, OMERS manage a diversified global portfolio of more than 2,800 stocks and bonds as well as real estate, infrastructure and private equity investments.

Through highly skilled investment professionals, OMERS’s innovative asset mix consistently yields superior returns, which fund about 70% of the plan over the long-term. The remaining 30% comes from employee and employer contributions.

As a plan that is managed by and for its members and employers, OMERS has become synonymous with partnership - with its members, retirees, employers, employees and the many companies it invest in.

OMERS was established to serve local government employees across Ontario. Today, it represents 928 employers, 400,000 members, retirees and survivors, including : municipal workers, children’s aid society workers, firefighters, emergency services staff police, school Board staff (non-teaching), hydro workers.

Today, OMERS is a multi-employer plan that serves and supports its members, employer groups and retirees throughout the province.

Continuous high levels of investment performance, sound governance and our commitment to maintaining strong partnerships, have been key in making OMERS what it is today.

OMERS’s commitment is two-fold : to ensure that current pensions are paid in full and on time, and to prepare for the future when today’s new employees retire. At OMERS, the plan for the future is growing : Growing assets under management, growing membership and a strong vision for a secure, sustainable and prosperous future.

At a glance

  • CEO : Michael Latimer
  • Sherpa : Blair Cowper-Smith
  • Location : Toronto
  • Website :

KfW banking group is a German government-owned development bank formed in 1948 after World War II as part of the Marshall Plan.

It is owned by the Federal Republic of Germany (80%) and the States of Germany (20%). It is led by a five-member Managing Board, which in turn reports to 37-member Supervisory Board.

KfW banking group covers over 90% of its borrowing needs in the capital markets, mainly through bonds that are guaranteed by the federal government. This allows KfW to raise funds at advantageous conditions. Together with its exemption from corporate taxes due to its legal status as a public agency and unremunerated equity provided by its public shareholders, this allows KfW to provide loans for purposes prescribed by the KfW law at lower rates than commercial banks.

KfW is not allowed to compete with commercial banks, but it facilitates their business in areas within its mandate. Typically, KfW does not lend directly to enterprises or individuals, but it provides commercial banks with liquidity at low rates and long maturities, as well as with instruments to transfer risk.

KfW banking group has three business units with distinct functions, as well as several subsidiaries. Lending by KfW group’s two main business units, accounting for more than 90% of total lending, is in Germany and – to a more limited extent – in other European countries. However, its largest subsidiary, KfW IPEX Bank GmbH, independent since 2008, lends predominantly internationally (main sectors of activity : airports, roads, bridges, tunnels, railways, ships, planes, telecommunications, energy).

The subsidiaries German Investment Corporation (DEG) and KfW development bank are exclusively active in the international arena : DEG takes minority equity stakes and provides loans to private companies investing in developing countries (imain sectors of activity : banking, renewable energy, telecommunications and manufacturing).

KfW Förderbank is especially active in promoting energy-efficient housing. Concerning environmental protection, it promotes, among others, photovoltaic energy. It also invests in municipal infrastructure such as public transport through KfW Kommunalbank. More recently, it has also engaged in education where it provides student loans.

KfW Mittelstandsbank provides assistance to German SMEs including individual entrepreneurs and start-ups. In addition to loans it also provides equity and mezzanine financing.

At a glance

Japan Bank for International Cooperation (JBIC) is a policy based financial institution wholly owned by the Japanese government, established originally as “The Export Bank of Japan” in 1950 and renamed “The Export-Import Bank of Japan” in 1952.

The mission of JBIC is to contribute to the sound development of Japan and the international economy and society by conducting its operation in the following fields :

  • Promoting the overseas development and securement of resources which are strategically important for Japan
  • Maintaining and improving the international competitiveness of Japanese industries
  • Promoting the overseas business having the purpose of preserving the global environment, such as preventing global warming
  • Preventing disruptions to international financial order or taking appropriate measures with respect to damages caused by such disruption

JBIC’s principal operations include Export loans, Import Loans, Overseas Investment Loans, Untied Loans, Equity participations, Guarantees, and these operations are conducted in accordance with the following principles :

  • Supplementing the financial transactions implemented by private sector financial institutions
  • Ensuring financial soundness and certainty of repayment
  • Maintaining and improving international credit worthiness and confidence
  • Conducting business operations by drawing on its expertise and initiatives

JBIC finances its activities by drawing on various funding sources, including borrowings from the Fiscal Investment and Loan Program (FILP), Fiscal Loan, Government-Guaranteed Foreign Bonds Issuance, FILP Agency Bonds issuance and capital contributions from the government.

JBIC’s budget of revenues and expenditures is submitted to the Diet for its approval as part of the national budget.

At a glance :

  • Governor : Hiroshi Watanabe
  • Sherpa : Kaoru Nagata
  • Location : Tokyo
  • Website :

ALIDE is the Latin American Association of Development Financing Institutions. Based in Peru and founded in Washington in 1968 it now gathers 89 members from 22 countries around the world.

Mission and Purpose
ALIDE’s aim in the activities it promotes and develops is, to achieve cohesion and to strengthen the actions and participation of financial institutions in the social and economic process of the Latin America and the Caribbean region.
The purposes of the Association are to:

  • develop cooperation among the members;
  • strengthen their action and enhance their participation;
  • encourage the exchange of experiences and coordination and collaboration among the members;
  • establish a reciprocal flow of systematic information among them;
  • foster the preparation of studies about problems of common interest that reflect the philosophy and objectives of development banking as a national, regional and international system; and
  • promote business transactions and financial and technical cooperation

All of this in order to unite and strengthen those members encourage their contribution to the regional integration process and improve their individual and collective actions.

Main Activities

  • Technical assistance & internships (specialised advisory programs)
  • Improve and exchange knowledge of experts (In-person and distance courses and seminars).
  • International meetings and networking
    Studies and research
  • Training and coaching in practical improvements
  • Extra-regional positioning and networking
  • Dissemination of financial sustainability and growth of its operations


To act as:

  • spokesman for the development banking system with countries and governments, civil society and international organisations;
  • principal facilitator of information services and innovation experiences;
  • provider of cutting edge training;
    facilitator for creating business synergy; and
  • concerted involvement in joint actions and/or reciprocal cooperation that contributes to the fulfillment of the mission of ALIDE.

ALIDE has a cross-membership with LTIC in order to strengthen the cooperation for the mutual benefit of its members.

Chairman: Mr Pablo M. Garcia (from BICE)
Secretary-General: Mr Edgardo Alvarez
Location: Peru

Who are we ?

Alide grey resized BICE
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Caisse des Dépots et Consignations The China Development Bank
Caisse de dépôt et placement du Québec Cassa depositi e prestiti
Caisse de Dépôt et de Gestion Development Bank of Japan (DBJ)
European Investment Bank Instituto de Crédito Oficial (ICO)
Japan Bank for International Cooperation Kreditanstalt fur Wiederaufbau
LTIIA Ontario Municipal Employees Retirement System
Turkiye Sınai Kalkınma Bankası newVEBlogo
Polish Development Fund - Polski Fundusz Rozwoju  

Member access

LTIC Members may register for extranet access by sending a request to :