Denmark’s Investment Fund for Developing Countries (IFU) signed a shareholder agreement with TDB, acquiring 1,750 of its Class B shares. With an investment of USD 20 million in TDB’s capital stock, IFU becomes TDB’s newest institutional shareholder.
A Cooperation Agreement was also signed during the same occasion between both institutions, whereby these agreed to collaborate on various new initiatives such as the Bank’s SME programme, special purpose funds and technical assistance.
With this agreement, TDB and IFU will also explore co-financing opportunities via various financing structures and information sharing, in key sectors including agriculture, healthcare, education, energy, hospitality and infrastructure.