"Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum edited."

The Polish Development Fund (Polish: Polski Fundusz Rozwoju, PFR) and its several subsidiaries form a state-owned financial group, headquartered in Warsaw, which offers instruments supporting the development of companies, local governments and individuals, and invests in sustainable social development and national economic growth. Established in 2016, the Group aims to implement programs enhancing long-term investment and economic potential, and supporting equal opportunities as well as environmental protection.

The PFR parent company directs the strategic vision for the corporate group which includes four distinct subsidiaries:

  • PFR Ventures – the largest fund of funds (FoF) in the CEE region offering repayable financing to innovative SMEs through selected financial intermediaries such as venture capital funds or business angels;
  • PFR Portal PPK – a company dedicated to supervising the Employee Capital Plans (PPK), which is a common and voluntary long-term saving system for employees in Poland, developed and co-financed by employers and the state;
  • PFR TFI – a company focused on incepting and managing closed-end investment funds oriented towards alternative assets (e.g. real estate, infrastructure projects, PE or VC) as well as managing a part of the assets raised in the PPK program;
  • PFR Nieruchomosci – the real estate arm of the Group which aims to improve the potential of the national housing market by implementing investments of significant importance to local communities.

Following the example of best international practices and acting within one comprehensive strategy, the Polish Development Fund also integrates the offer of other leading Polish development institutions comprising: the Polish Development Bank (BGK), the Industrial Development Agency (ARP), the Export Credit Insurance Corporation (KUKE), the Polish Agency for Investments and the Commerce (PAIH) and the Polish Agency for Enterprise Development (PARP).

At a glance


Inspired by a daring vision to blaze a path to success for the industrial sector in Saudi Arabia, the Saudi Industrial Development Fund (SIDF) was founded to play a leading role in effectuating development policies and programs. This vision recognizes SIDF as the primary financial enabler for the industrial transformation in Saudi Arabia.

Our Responsibility to Development
The Industrial Fund was set up to operate a vital role in promoting industrial investment opportunities, strengthening the local industry, and enhancing its performance. All these measures are realized by contributing to the formation of industrial sectors, boosting competitiveness, and sustaining strategic initiatives.

SIDF In Line with Vision 2030
SIDF exerts all efforts to maintain its pioneering role in the development of the local industrial sector and keeps up with the latest developments. It attains this goal by pushing for integration with government entities and expands the reach of its support to cover a number of promising sectors in the areas of industry, energy, mining, and logistics.

A Historical Context (Our Journey)
SIDF was established in 1394 AH as a government financial institution to realize the objectives, policies, and programs of industrial development in Saudi Arabia. Such objectives are aimed at supporting the private sector in various industrial fields, financing and developing the industrial sector in coordination with government entities. SIDF paves the way for the private sector to engage in constituting and sustaining a national industrial base effectively and adequately.

A Huge Step Forward
SIDF attempts to analyze the local industry and conduct several sectoral, industrial, and marketing studies to manage and support several financing programs, including:
Manage the government financing program to finance Electricity companies operating in Saudi Arabia.

  • Manage the cooling warehouse financing program and the dates industry financing program.
  • Contribute to examining and analyzing the government support program for hospitals.
  • Establish the "Kafalah" program for financing small and medium-sized enterprises (SMEs)

​​​A New Chapter
1439 AH announced a new chapter in SIDF's journey, as the Council of Ministers approved the amendment of SIDF's bylaws. This transformation broadens its reach to support a number of promising new sectors in the fields of industry, mining, energy, and logistics.​​

A Future with Boundless Possibilities
SIDF has introduced a new package of financial products and services through the National Industrial Development and Logistics Program (NDLP) as a breakthrough in its quest towards reaching Vision 2030’s objectives. NDLP contributes by adding SR 1.2 billion to GDP, generating jobs, improving the balance of payments, and strengthening the local content.
Our Vision
Financially enabling Saudi Arabia’s industrial evolution

Our Mission
To develop and diversify the Saudi economy by shaping the industrial landscape, and encouraging and supporting priority sectors and competitive enterprises

​​Our Role
Act as a financial partner in developing the industry, stimulating jobs, prosperity and growth for Saudi Arabia

Our Strategic Aspirations
SIDF provides financial support and advisory. Innovation is vital to the advancement and development of the local industry, therefore SIDF offers innovative solutions to raise and improve its level of performance. The measures taken to achieve these strategic objectives include:
Achieve sustainable investment returns in the industrial sector

  • Develop added value ​​for the local economy
  • Domestic product support
  • Promote non-oil exports
  • Achieve integration between the industrial sector and other sectors
  • Increase the participation of Saudi talent in the industrial sector
  • Optimization of local raw materials
  • Attract foreign capital and localize advanced technology
  • Adopt a culture of safety and risk prevention in industrial facilities
  • Encourage environmental awareness in the industrial sector

​​​Our Values:
Reliability – Development - Team Work - Enablement - Client’s Success​

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: https://www.bancomext.com

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: https://www.bice.com.ar

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

Who are we ?

Alide grey resized BICE
bndes bndes
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)
The Hellenic Development Bank European Investment Bank
Instituto de Crédito Oficial (ICO) Japan Bank for International Cooperation  
The Korea Development Bank Kreditanstalt fur Wiederaufbau
Korea Eximbank LTIIA 
Ontario Municipal Employees Retirement System Turkiye Sınai Kalkınma Bankası
Polish Development Fund - Polski Fundusz Rozwoju Global Infrastructure Basel Foundation
Saudi Industrial Development Fund  

Member access

LTIC Members may register for extranet access by sending a request to : LTIC-Secretary-General@eib.org