This document outlines the role of development finance institutions (DFIs) and the opportunities and challenges they face. It discusses how DFIs play a key role in promoting development by filling financial gaps, providing long-term financing for crucial sectors, and offering technical expertise. However, DFIs now face challenges from technological disruption, new competitors, and regulatory changes. To remain sustainable, DFIs must transform their business strategies, embrace new technologies, pursue financial inclusion, and invest in sustainable businesses while aligning with changing economic needs through continued innovation.