Governance

International Development Finance Club (IDFC) is an association of like-minded development banks. It has no distinct legal personality per se and the membership carries no legally binding obligations, other than those expressly foreseen in the IDFC Charter. Members operate within the framework of development policies of their respective countries and assist their respective governments in fulfilling their national and international commitments, and within the framework set forth by their constitutive documents.

Annual meeting

The Annual Meeting is a meeting of all Members of the Club, each represented by its CEO or designated representative. The Annual Meeting decides (inter alia) on:

Any modification of the Charter
The admission and exclusion of a Member
The appointment and the removal of the Chairperson and the Vice-Chairpersons
The determination of the powers and authority of the Chairpersons and the Vice-Chairpersons
The determination of the power and authority of the Steering Group
The annual work program of the Club and its deliverables
The execution of specific projects of the Club sponsored by the Members or any other material business or subject
The passing of declarations on subjects of mutual interest
The dissolution of the Club

IDFC Steering Group

The Steering group is comprised of the Chairperson and the Vice-Chairpersons of the Club elected from among the Members for two-year periods and is responsible for preparation and follow-up of the Annual Meeting and any other business that does not fall into the authority of the Annual Meeting. It convenes at least once a year.

Sherpa meeting

Each Member nominates a contact person (Sherpa) to represent its institution in the Club activities. The sherpas are in charge of preparing the IDFC roadmap and of reviewing the work and deliverables of the Club in preparation for the annual meeting.