IFC's methodology for evaluating corporate governance risks and opportunities has been distilled into the "Corporate Governance Development Framework," a common approach which was adopted by 31 Development Finance Institutions (DFIs) for use in their investment processes.
The Corporate Governance Development Framework provides signatory institutions with a common platform for evaluating and improving governance practices of their investee companies.
The Institutions that signed the Corporate Governance Development Framework cover most emerging markets around the world, including Africa, Latin America and the Caribbean, Asia, Middle East, and Europe and Central Asia and represent assets of more than $850 billion altogether.
March 2014: Annual meeting of the CG Development Framework signatories and working group. Event will take place in Washington, DC, hosted by the Inter-American Investment Corporation, member of the Inter-American Development Bank Group.
February 2013: Two additional DFIs joined the Corporate Governance Development Framework community to increase the number of signatories to 31.
September 2011: IFC and 28 other DFIs signed the Corporate Governance Development Framework.
2010-2011: The Working Group has developed the "Corporate Governance Development Framework", a common methodology for assessing corporate governance in the DFIs investment work, which is based on IFC's corporate governance tools.
October 2007: IFC and 30 other DFIs signed an "Approach Statement" to put corporate governance at the forefront of the sustainable development agenda of DFIs.
June 2004: IFC initiated the corporate governance dialogue among Development Finance Institutions with the help of the OECD.