Media

During the Commonwealth Heads of Government Meetings, Prime Minister Mark Carney announced a USD 35 million loan from FinDev Canada to Zambia National Commercial Bank Plc (“Zanaco”). Zanaco is one of the largest financial institutions in Zambia. This represents FinDev Canada’s first direct investment in the country and an opportunity to advance Canada’s bilateral relations with Zambia in line with Canada’s Africa Strategy.

The Honourable Randeep Sarai, Secretary of State (International Development) on behalf of Canada’s bilateral development finance institution, FinDev Canada, announces the signing of a USD 60 million loan to Muangthai Capital (MTC), a leading non-bank financial institution in Thailand.

FinDev Canada announces the signing of a USD 50 million loan to Golomt Bank JSC, the second-largest commercial bank in Mongolia.

Canada’s bilateral development finance institution, FinDev Canada, announces the signing of a USD 60 million loan to Banco Davivienda S.A. (“Davivienda”), the second-largest bank in Colombia.

Canada’s bilateral development finance institution, FinDev Canada, announces a USD 33 million commitment to BlueOrchard Climate Action Mobilisation Fund ("The Fund”), a private debt fund structured as a blended finance vehicle that achieved its first close of USD 250 million.