FinDev Canada is Canada's development finance institution (DFI) set up in 2018. It has US$1 billion on its balance sheet.[1][2] Its purpose is to provide direct and indirect development financing consistent with Canada's international development priorities. The DFI is wholly owned by Canada's export credit agency, Export Development Canada (EDC).[3] FinDev was set up amid the expansion of development banks by other donors, including the United States, United Kingdom, and Denmark.[4] Its CEO Lori Kerr hails from the World Bank.[5]
| Formation | 2018 |
|---|---|
| Legal status | Crown Corporation |
| Headquarters | Montréal  |
| Owner | Export Development Canada |
CEO | Lori Kerr |
| Website | findevcanada |
References
edit- ^ Saldinger, Adva (2024-01-09). "Devex Invested: Bilateral DFIs keep growing and growing". Devex. Retrieved 2024-01-11.
- ^ Murphy, Helen (2024-01-10). "Devex Newswire: A 2024 reality check for global development". Devex. Retrieved 2024-01-11.
- ^ "Our story | Development Finance Institute Canada". www.findevcanada.ca. Retrieved 2024-01-11.
- ^ Saldinger, Adva (2024-01-09). "Devex Invested: Bilateral DFIs keep growing and growing". Devex. Retrieved 2024-01-11.
- ^ "FinDev Canada hires CEO". www.africaglobalfunds.com. Retrieved 2024-01-11.