Media

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.

Montreal (Quebec), 17 July 2024 – Canada’s bilateral Development Finance Institution, FinDev Canada, announces a senior loan of US$ 100 million to FirstRand Bank Limited (FRB), the wholly-owned banking subsidiary of FirstRand Limited (FirstRand), Africa’s largest financial services group by market capitalization.

Montreal (Quebec), 17 July 2024 – Canada’s bilateral Development Finance Institution, FinDev Canada, joins the Dutch entrepreneurial development bank FMO and seven other impact investors to announce a $US 295 million commitment to Access Bank, Nigeria’s leading bank.