Swiss DFI focused on job creation, but struggling to mobilize private capital

Bundles of Swiss franc banknotes in Zurich, Switzerland. Photo by: REUTERS / Arnd Wiegmann

WASHINGTON — Since its founding in 2005, the Swiss Investment Fund for Emerging Markets has been working to create good jobs in emerging markets, but fulfilling the other part of its mandate — mobilizing private capital — has proven to be more difficult, according to Jörg Frieden, the organization’s chairman.

While a few large Swiss banks have established funds that have invested alongside the Swiss development finance institution only about 10% of its portfolio goes to mobilize private capital.

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About the author

  • Saldiner adva

    Adva Saldinger

    Adva Saldinger is an Associate Editor at Devex, where she covers the intersection of business and international development, as well as U.S. foreign aid policy. From partnerships to trade and social entrepreneurship to impact investing, Adva explores the role the private sector and private capital play in development. A journalist with more than 10 years of experience, she has worked at several newspapers in the U.S. and lived in both Ghana and South Africa.