FMO, FinDev Canada, and Proparco, the Dutch, Canadian, and French development finance institutions, announced the signing of a US$ 100 million syndicated facility to Genneia S.A, Argentina’s largest wind and solar power producer.
G7 Public Development Banks (PDBs) and Development Financial Institutions (DFIs) are joining forces to enhance food security and sustainable agriculture in emerging markets. Through a new coordination mechanism set up by Italy’s Cassa Depositi e Prestiti (CDP), the Group of Seven PDBs and DFIs are teaming up in the “Collaborative on Sustainable Food Systems”.
Fifteen European Development Finance Institutions grouped under the Association of European Development Finance Institutions (EDFI) have signed today, in Washington, two separate affiliate partnership arrangements with the United States Development Finance Corporation (DFC) and FinDev Canada, marking a breakthrough in global cooperation among development finance institutions.
Canada’s bilateral Development Finance Institution, FinDev Canada, is providing a loan of US$ 40 million to the Latin American Agribusiness Development Corporation (LAAD). This transaction will enable LAAD to expand its loan portfolio to support food production, jobs in rural areas and promote the economic development of countries in the region.
To increase access to sustainable finance in Nigeria, Canada’s Development Finance Institution, FinDev Canada, provides a loan of up to US$ 40 million to Stanbic IBTC.