DFIs unite to respond to COVID-19 in developing countries

The development finance institutions of 16 OECD countries, grouped under the DFI Alliance, have issued a joint statement announcing they will work together to respond to the COVID-19 global pandemic in developing countries. 

The group will work collaboratively to bring liquidity to the market, support companies impacted by the virus, and promote new investment in global health, safety, and economic sustainability. 

The alliance said in a statement: "The DFI Alliance is developing mechanisms designed to sustain companies, return them to full production, and restore employment opportunities essential to the societies in which they operate."