Capital crunch forces Danish IFU to turn down new projects

Business September 07, 2022 / By: Bjørn H Amland

The Danish development finance institution IFU has tight liquidity, poor profit over time, and faces losses from a large Ukraine portfolio. The Covid pandemic has made it hard to free up capital by exiting old projects. IFU has had to stop committing to new projects funded by its own capital, though investments are still possible via earmarked facilities and other funds it manages.

Golomoti IFU solar project in Malawi.jpg — The 20-megawatt Golomoti solar project in Malawi is co-funded by IFU, the Danish SDG Investment Fund and a loan from Denmark’s Green Future Fund. Photo: IFU.

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Capital crunch forces Danish IFU to turn down new projects

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