The current Covid-19-crisis is having an unprecedented impact on financial liquidity in emerging and developing markets. SIFEM and 15 other Development Finance Institutions (DFIs) from Europe, the US and Canada have grouped under the DFI Alliance and issued a joint statement to announce that they will work together to respond to the COVID-19 global pandemic in developing countries. 

The group aims to bring financial liquidity to the markets, support companies impacted by the virus, and promote new investments in global health, safety, and economic sustainability. The ability of DFIs to mobilise significant financial resources and to bring technical expertise to private sector enterprises in emerging and frontier markets is now more important than ever.