DFCC Bank – Kilinochchi

DFCC belongs to a category of institutions known as Development Financial Institutions or DFIs. Many of these organisations were created to assist rebuilding initiatives in war affected economies. These institutions were sponsored by governments or donors to provide term finance for developmental projects.Around 60 percent of Development Financial Institutions around the world were owned by the governments of their respective countries. Another 25 percent were privately owned, while the balance had a mixed ownership.The proposal to set up DFCC was first presented by the first World Bank mission, which visited the country in 1952. The unique structure that was created at the incorporation of DFCC was designed through a collaborative effort between the Government of Sri Lanka and the World Bank.