Corporate Governance Development Framework

Corporate Governance Development Framework

On September 23, 2011, the general manager of the Inter-American Investment Corporation and representatives from 29 other development finance institutions adopted the Corporate Governance Development Framework, a set of shared guidelines to promote corporate governance through lending and investment operations. The framework currently has 33 signatories, making it global in scope.

With this framework, the signatory institutions seek to respond to the call from the G-20 for development finance institutions to coordinate better, make certain key institutional reforms, and reaffirm their commitment to transparency and good corporate governance practices. The signatories, who together represent a majority of the world's emerging markets including Africa, Latin America and the Caribbean, Asia, the Middle East, and eastern and central Europe, are looking to raise awareness in both the private and the public sector on the importance of good corporate governance practices for sustainable economic development.

Goals