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Canada’s development finance institution will build upon investment in Latin America, the Caribbean and Sub-Saharan Africa and encourage private investments in emerging markets and developing economies (EMDEs) as it expands operations.

FinDev Canada is joining IDB Invest in an US$80 million commitment to Banco Bolivariano, Ecuador’s fifth-largest bank, to support the launch of the region’s second private sector blue bond, which will finance sustainable business practices contributing to the preservation of the oceans.

The investment will increase the production of renewable energy in the Dominican Republic

The G7 DFIs are aligned on the importance of action being taken to support reconstruction