The MDF was found in February 2005. Initially, it was known as MDG (Market Development Group). Later, it was renamed as MDF (Market Development Forum) in order to avoid confusion with United Nation’s ‘Millennium Development Goal (MDG)’.
The Market Development Forum (MDF) is a group of market development-practitioner organizations working on strengthening of the private sector in Bangladesh. It was formed in February 2005 as a joint effort of CARE- Bangladesh, GTZ-PROGRESS, Katalyst and IFC-SEDF with an aim to create greater collaboration and coordination among organizations and projects applying different market development approaches (MDA) and to make those approaches more effective, synchronized and sustainable.
The MDF has functioned as a platform for representatives from the different member organizations to meet together and share information about their work and experiences. It is a loosely affiliated network which welcomes any organization or body interested in similar issues regarding private sector development.
MDF, a paid membership-based network, is run by a small Secretariat and overseen by an Executive Committee consisting of representatives from GIZ, Swisscontact, Practical Action, Action for Enterprise, HELVETAS Swiss Intercooperation, IDE Bangladesh and CARE Bangladesh. Currently, MDF has about 20 member organizations and is partially funded by Swiss International Agency for Development and Cooperation (SDC).
The mission of the MDF is information sharing among its members to identify opportunities for creating synergy and avoiding duplication among interventions by the member organizations.
To alleviate poverty in Bangladesh in an efficient and united method of all market development stakeholders in the country.