Public Sector Investment Facility, PIF Concept Review 2025 opened

The Public Sector Investment Facility (PIF) is one of Finland’s development policy instruments for financing investments in developing countries. PIF provides financial support to such public sector projects in developing countries that are aligned with the UN Sustainable Development Goals (SDGs) and that make use of Finnish technology and expertise.

Support can be given for investments focusing on, for example, the social, water supply, energy or cleantech sectors or other sectors eligible for development cooperation. The instrument is intended for investments that support target countries’ efforts to achieve the Sustainable Development Goals (SDGs) of the 2030 Agenda and the objectives of the Paris Agreement.

The projects should have a Finnish interest. In practice, this usually means that at least one third of the value of the PIF project’s contract agreement consists of Finnish technology and/or expertise. In addition, the contract agreement should be concluded with an enterprise registered in Finland.

However, it is recommended that the project make use of the target country’s capacities and that local purchases be made when that is reasonable from the point of view of project implementation.

The concept paper, the required supporting letter and possible other appendices should be sent latest on Friday 7 March 2025 by email to [email protected].

MFA is responsible for decisions to grant PIF financing. Finnvera, which is Finland’s official export credit institution, takes responsibility for granting buyer credit guarantees on credits for investment.

Further information on the instrument, assessment criteria for concept papers and the process is available on the website of the Ministry for Foreign Affairs.