Development finance institutions enable companies' acquisitions
Development finance institutions (DFIs), such as the UN, the World Bank, and regional development banks and the EU, support projects in the developing countries by means of billions of euros every year. Their grant, loan or investment decisions are based on multiannual cooperation programmes, which are carried out in sectors chosen in cooperation by the financier and the recipient.
The majority of the financing is used for procurements based on competitive tendering in order to acquire various commodities, devices and services. The majority of the acquisitions are made in the developing countries. Developing country markets need innovative and sustainable solutions, which have preferably been tested in practice and which help them reach the global sustainable development goals (SDGs). There is demand for reliable contractors, equipment suppliers, and planning and consultancy service tenderers.
The Ministry for Foreign Affairs cooperates with international organisations and provides information about organisations' procurement processes and contacts. Finland's missions abroad provide general information and organisations' contact details in their host countries and help companies arrange meetings with authorities.
Business Finland's Developing Markets programme(Link to another website.) helps companies to get access to development finance providers' procurements.
More information about international procurements: Pekka Voutilainen, Ambassador for Trade and Development. The Foreign Ministry’s email addresses are of the format firstname.lastname@example.org.