Development through investment? A briefing on current reform efforts at BIO-Invest
The Belgian Investment Company for Developing Countries (BIO-Invest) was established in 2001 as the Belgian bilateral development finance institution. BIO uses public ODA to support the private sector in developing countries through different financial instruments (loans, equity and quasi-equity). Since 2012, following a public discussion on its role in development cooperation, BIO has been engaged in a reform process.
This briefing paper by Eurodad member 11.11.11 aims to present the main orientations of ongoing reform efforts and highlights some of the remaining challenges for the coming period. 11.11.11's overall assessment is that the reform is a step in the right direction, but additional measures are required. Stakeholder scrutiny will be necessary to ensure these measures fully align BIO with development effectiveness principles. Read the full briefing here.