Transformational change case: DFI Frontier Markets Forum

Case study Sustainable Growth, development finance, economic transformation, State fragility and State Fragility initiative

From February to June 2025, we applied our Transformational Change methodology to analyse the Development Finance Institutions’ (DFI) Frontier Markets Forum (formerly known as the DFI Fragility Forum), drawing on internal documents, official reports, publications, and 14 key informant interviews.

Development finance institutions (DFIs) can play a critical role in supporting firms in frontier markets, where the private sector is reluctant to enter or cannot act alone. Here, DFIs can help to strengthen enabling environments, establish and develop new markets, create jobs and income-generating opportunities, and catalyse private sector development.

From an operational perspective, IGC mobilises researchers and policy experts to support the Forum and has contributed with a cumulative investment of nearly GBP 45,000 to help shape the Forum’s agenda to ensure cross-institutional collaboration.

From a strategic perspective, IGC’s State Fragility initiative has supported the Forum’s discussions by providing relevant policy insights that tackle both systemic barriers to investment and practical coordination challenges, drawing on IGC’s broad research base and global network of researchers and positioning IGC as the Forum’s knowledge partner.