IFU's investments increase with more than 40 percent
This news is redirected by The Secretariat for Development Cooperation at SCIENCE from Globalnyt.
IFU and IFU managed funds agreed on investments of a total of DKK 906 million in 2015. This is an increase of more than 40 percent compared to 2014. The result was a profit of DKK 194 million.
2015 was a good year for the IFU. Again, they succeeded in contributing to the development in the world's poorer countries and simultaneously secure a solid financial result, according to Tommy Thomsen, CEO of the IFU.
The investments increased with more than 40 percent and ended at a total of DKK 906 million, of which DKK 664 million was invested in 21 new projects, while DKK 242 million was invested in on-going projects. Thus, through the years the IFU agreed to investing almost DKK 18 billion in more than 1200 projects in more than 100 developing countries.
The result of the year was a profit of DKK 194 million.
The IFU increases the activities
In January 2016 IFU launched the Danish Agribusiness Fund, which is gong to invest in agricultural and food projects in developing countries. Danish Agribusiness Fund is the latest fund that is based on a public-private cooperation where institutional investors along with the state and IFU have invested capital. The total capital managed by IFU by the end of 2015 was DKK 5.8 million.