IBF - a leading consultancy for development aid projects

IBF has been working on development aid projects since 1977. We have built a solid reputation in our fields of expertise

IBF International Consulting was founded in Belgium in 1977. We work on development aid projects financed by international organisations such as the European Commission, the World Bank, the Asian Development Bank, as well as by the Belgian Cooperation, AusAid and DFID, both in developing and transitional economies.

IBF has built a solid reputation for its knowledge, flexibility, reliability, as well as the ability to successfully implement projects within its core sectors: economic development, trade and regional integration, educational and social reforms, institutional support, consumer protection and framework contracts. For a comprehensive overview of the sectors we cover see our description of our units and poles of expertise.


Based in Brussels, "capital of Europe", our annual turnover varies between 20 and 25 million Euro and we currently employ 70 full time staff and over 250 experts in the field.

ICAIBF is a founding member of the International Consulting Alliance (ICA - www.icaworld.net), a network of like-minded organisations dedicated to providing top quality development consultancy services in emerging economies.

IBF's Board of Directors

Frédéric André – Managing Director
Riccardo Innocenti – Director
Beskillz sprl – Director, represented by Benjamin Beaudet
Stefano Sedola – Director
In Fine Consulting sprl – Director, represented by Johan Vrancken

IBF's Management team

Frédéric André – Managing Director (info@ibf.be)

Frédéric André

Frédéric holds a Masters degree in Business Administration from the University of Louvain la Neuve. After an experience at the London Financial Futures Exchange, Frédéric worked for two years in Albania as the Assistant to the Representative of the European Commission, setting up the first EC representation in the country, informing Brussels about the local political and economic situation, as well as following up all the aid delivery and technical assistance to Albania. Frédéric then joined IBF in 1994 as framework contracts manager, lead the institutional and social departments and was promoted Managing Director in 1998. In 2005 Frédéric made a management buyout of IBF.

Johan Vrancken – Chief Financial Officer

Johan Vrancken

Johan holds a Masters degree in Commercial Engineering from the University of Hasselt (Belgium) and a postgraduate degree in Corporate Finance at the Vlerick Leuven Ghent Management School (Belgium). He has over 21 years of experience in financial management, having worked as an auditor for a big-6 international audit firm, as a finance and administration manager in the real estate sector, as a corporate finance consultant for an investment fund (with extensive knowledge on M&A transactions) and now for 11 years as Chief Financial Officer for IBF in the international cooperation business.

Riccardo Innocenti – Director Technical Cooperation

Riccardo Innocenti

Riccardo Innocenti holds a University Degree in Economics (Università Bocconi of Milan, Italy). He has 20 years experience in international cooperation and Technical Assistance projects covering all the phases of the project cycle management: identification, preparation, implementation, coordination, follow-up and evaluation. Riccardo worked for 3 years as Desk Officer at the European Commission being in charge of the political, trade and cooperation relations between EU and Panama. During these years he gained significant experience in development aid from the donor perspective. Afterwards Riccardo worked as Manager in private companies in the international cooperation sector. He has also performed several technical assistance and evaluation assignments in the field of private sector development and institutional building in Africa and Latin America.

Monica Schina – Director of Framework Contracts Unit

Monica Schina

Monica Schina has been working on international projects for over 18 years. She started with the International Training Center of the International Labour Organisation, worked for European consulting companies and joined IBF in 2013 and is now heading the Framework Contracts Unit.

She masters the entire project cycle, from tendering to project management and is fully versed in EC and other IFIs procedures. She has managed, coordinated, and contributed to hundreds of international cooperation projects in numerous fields, in particular in private sector development and institutional building, with a regional focus in Western Balkans, former USSR and South Africa. Over her carrier she has held responsibilities over tendering and implementation units both in Technical Cooperation and FWC, from strategic set-up of project proposals to quality delivery of all project outputs.

Monica holds a University degree in Political science with International law orientation.

Stefano Sedola – Director Technical Cooperation

Stefano Sedola

Stefano graduated in Industrial Economics with a Masters degree from the University of Modena (Italy) and a BA from Université des Sciences Economiques de Montepellier (France). He has been working in the international cooperation business for over 15 years. He has designed, managed, and evaluated national and regional projects on quality infrastructure in various European Member States, Mediterranean, African and South-East European countries. He gained relevant hands on experience as quality management expert in SGS. He also worked as programme coordinator for CEN (the European Standardization body) and as business development advisor for EOQ (European Organisation for Quality). He is author of several guides and speaker in various conferences related to the development of quality infrastructure.

Lara Sipek – Director Technical Cooperation Implementation

Lara Sipek

Benjamin Beaudet – Director Event Management Unit

Benjamin Beaudet

Benjamin holds three Master Degrees: in Economics from the Université Libre de Bruxelles (ULB), in European Economics from the Institut des Etudes Européennes (IEE-ULB) and in Financial Risk Management from the Université Saint-Louis.

Benjamin worked for more than four years at the European Commission Directorate General of Regional Policy (DG REGIO) as financial officer responsible for the Technical Assistance Budget of the ERDF and Cohesion Fund.

In 2008, Benjamin joined IBF as Financial Controller for International Technical Assistance projects. Since 2011 Benjamin has also built more specific experience in events,  project and team management and is Director of the Events Management Unit dealing with numerous  international events.