FinDev Canada and British International Investment Sign MOU to Strengthen Concessional Finance Collaboration in Emerging Markets
Montreal / London, Tuesday, 14 October 2025 – FinDev Canada and British International Investment (BII) today announced the signing of a Memorandum of Understanding (MOU) to enhance cooperation between their respective concessional finance facilities. The agreement underscores the two institutions’ shared commitment to mobilise greater private sector investment in emerging markets and developing economies.
Through the MOU, FinDev Canada and BII will work together to streamline processes, including the sharing of investment pipelines and due diligence, and to identify opportunities for joint execution of transactions. The two institutions plan to collaborate on joint investments of up to $100 million with a target to mobilise up to $500 million of private capital.
This collaboration aims to improve efficiency and consistency for market participants while ensuring stronger alignment with the priorities of both institutions’ shareholder governments.
By sharing expertise, resources and concessional instruments, the partnership is designed to lower barriers for private investors and accelerate capital flows toward sustainable development. It reflects the institutions’ recognition that efficient collaboration between development finance partners is essential to unlocking the scale of private capital required to meet global development and climate goals.
Leslie Maasdorp, Chief Executive Officer at BII, said: “In today’s complex global environment, the role of DFIs has never been more critical. By working together and leveraging our concessional finance capabilities, BII and FinDev Canada can unlock private capital where it’s needed most and deliver more impactful solutions to the challenges facing emerging markets. This partnership reflects our shared belief that collaboration is key to scaling development and climate finance.”
Lori Kerr, Chief Executive Officer at FinDev Canada, said: “Bilateral development finance institutions are uniquely positioned to move with agility and speed. By working together, FinDev Canada and BII aim to do even more with every development dollar. This collaboration will bring greater efficiency to the deployment of concessional capital to unlock even more private investment in the markets we serve.”
About FinDev Canada
FinDev Canada is Canada’s bilateral Development Finance Institution (DFI), supporting development through the private sector. We provide financing, investment, and blended finance solutions, as well as technical assistance and advisory, to promote sustainable and inclusive growth in emerging markets and developing economies (EMDEs), in alignment with the Sustainable Development Goals (SDGs) and Paris Agreement commitments. Find out more about FinDev Canada at www.findevcanada.ca.
About BII
BII is the UK’s development finance institution. Wholly owned by the UK Government, it invests in sub-Saharan Africa and South Asia with the aim of supporting economic development to create jobs. FinDev Canada and BII committed to seek joint opportunities to invest in businesses in developing markets with potential to improve key aspects tracked on the SDGs, such as women’s economic empowerment, job creation and climate action.
Media Contact
FinDev Canada: Media@findevcanada.ca